ZAGREB, 3 May 2022 - The HŽ Cargo railway freight company generated a revenue of HRK 482.3 million in 2021, which is 5% more than in 2020, while EBITDA increased from 2% to 7%, HŽ Cargo reported on Tuesday.

This is the result of a series of activities undertaken to ensure liquidity and optimise business, new contracts and new investments in modernisation valued at almost HRK 50 million, HŽ Cargo said, adding that it has retained a market share of 53% and increased productivity by 11%.

According to preliminary results for Q1 2022, the company generated an 11.5% increase in revenue year on year while the EBITDA margin increased from 1% to 4% and almost HRK 6.5 million has been invested.

New contracts have led to a significant increase in freight transported, of almost 14%.

"Despite the structural problems facing us we are contracting new jobs, investing in modernising the rolling stock and in labour force quality. These preliminary results for 2021 confirm a bright future for HŽ Cargo," CEO Dragan Marčinko said.

ZAGREB, 28 April 2022 - Croatia Airlines generated a loss of HRK 114.9 million in the first quarter of 2022, which is 19% more than in the same period of 2021, mostly due to the rise in fuel prices, the national flag carrier said a financial statement on Thursday.

Total revenue reached HRK 213 million, increasing by 88% from Q1 2021, while expenditure rose by 56% to HRK 328 million.

Compared with Q1 2021, the company flew 200,721 passengers, which is an increase of 178%. The number of flights rose by 113% and the number of passengers went up by 122% in domestic transport and by 214% in international transport. The passenger load factor increased by 6.6 percentage points to 51.4%.

Sales tripled compared with Q1 2021, and booking for May to October was 2.3 times the figures recorded last year, but still 54% below booking for the summer of 2019.

This summer, Croatia Airlines will connect Croatia with 22 European airports and will operate 41 international routes. The summer flight schedule will be expanded to include five more international routes from Split to Amsterdam, Bucharest, Dublin, Milan and Stockholm.

For more, check out our business section.

ZAGREB, 30 July 2021- The Croatia Airlines national flag carrier's net loss in the first half of 2021 amounts to HRK 147.4 million, HRK 25.8 million or 15% less than in the comparable period of 2020, the airline reported on Friday.

In the period from January to June, the airline conducted a total of 5,421 flights and transported 208,657 passengers, 37% down from the first six months of 2020.

The number of passengers on regular domestic flights decreased by 15% (71,367 passengers) and on international flights by 46% (131,181) while charter flights transported 8% more passengers (6,109) year-on-year.

Flight occupancy was 45.3%, which is 13.4 percentage points less than in the first half of 2020.

This year the company operates 13 planes flying directly from Zagreb to 14 European and 5 Croatian destinations.

During the summer season Croatia Airlines plans to offer more than 80,000 seats a month on flights from European destinations to Croatia, as well as more than 200 tourist charter flights from Austria, Italy, Ireland, Israel and Scandinavian countries, the company said in a press release.

For more on business in Croatia, CLICK HERE.