Croatia Airlines sees 89% decline in bookings in Q1
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Croatia Airlines has registered an 89% decline in bookings during the first quarter of the year when compared to the same period in 2020 as the coronavirus pandemic continues to ravage the aviation industry. The global health emergency only partially affected the first quarter of last year, while ticket sales were also higher in early 2020 due to Croatia’s Presidency of the Council of the European Union. The Croatian carrier said bookings were down on all routes and markets during the first three months of 2021. “The pandemic has changed booking dynamics. Select markets which had a high volume of early bookings now have negligible numbers. On other markets, primarily those in Europe, we expect late bookings, which will, in large part, depend on the epidemiological situation and restrictions in each country”, Croatia Airlines said.
State sides with Croatia Airlines in Ryanair spat exyuaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exyuaviation.com Daily Mail and Mail on Sunday newspapers.
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Croatia Airlines has reacted angrily to the news that Zagreb Airport will provide financial incentives to Ryanair to launch new routes out of Croatia’s capital. The Croatian national airline claims that these incentives violate market competitiveness, and it is asking for a fee reduction for itself.
Croatia Airlines is not happy that Ryanair is receiving discounts for charges at Zagreb Airport. Photo: Anna Zvereva via Wikimedia
Croatia Airlines reacts to Ryanair’s arrival in Zagreb
Two weeks after Ryanair announced that it is opening a Lauda Europe base in Zagreb Airport, Croatia Airlines has issued a lengthy reaction seen by Simple Flying.
Wizz s Sarajevo base to impact Croatia Airlines, Air Serbia
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Wizz Air announced its 41st base in Sarajevo last week with plans to station an Airbus A320 aircraft in Bosnia and Herzegovina’s capital from May 20. It will result in the launch of nine new routes and the addition of 250.000 seats in and out of Sarajevo this year. However, Wizz Air’s expansion is expected to have an impact on both Croatia Airlines and Air Serbia, which rely on a sizeable number of transfer passengers on their flights to and from Sarajevo. Although neither of the two carriers are by any means the busiest feeder airlines out of Bosnia and Herzegovina, they have a dominant position on routes Wizz Air plans to introduce. The budget airline will launch flights to Charleroi, Copenhagen, Dortmund, Eindhoven, Gothenburg, London Luton, Memmingen, Basel and Beauvais.
Croatia Airlines completes capital increase Author: Croatia Airlines. License: All rights reserved.
ZAGREB (Croatia), February 3 (SeeNews) - Flag carrier Croatia Airlines [ZSE:CRAL] has completed its 350 million kuna ($55.6 million/46.2 million euro) capital increase, the company said on Wednesday.
The capital increase was entered into the court register on January 15, Croatia Airlines said in a filing with the Zagreb bourse.
The company now has a registered capital of 628 million kuna, divided into 9,899,755 ordinary shares marked CRAL-R-A and 52,888,198 ordinary shares marked CRAL-R-B of 10 kuna in par value each.
The transaction aims to restore the company s capital and reserves to their end-2019 levels, before the Covid-19 pandemic hit the air carrier s business, Croatia Airlines said in December.