Croatia Airlines' losses in the first nine months of 2019 stood at 48.4 million kuna, despite 41 million kuna in net profits in the third quarter alone, the company announced on Thursday.
According to the airline, the profits generated in Q2 and Q3 were not enough to cover the losses generated over the winter months, adding that the operating loss in the first nine months of the year amounted to 30.4 million kuna.
Operating revenues over that period were up 1.4% on the year, while the passenger turnover was the same as in the first nine months of 2018.
In the first nine months of 2019, Croatia Airlines transported 1,701,571 passengers, with 2% more passengers flown internationally. Domestically, the number of passengers decreased from the first nine months of 2018.
During this year's summer season, the airline's planes flew to eight Croatian and 30 international destinations in 24 countries. The company operated direct flights between Zagreb and 24 destinations in 22 European countries.
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