Croatian airline Croatia Airlines expects continued losses in the short term due to its transition to a fleet equipped exclusively with Airbus A220s. In 2024, the airline had to record a net loss of almost 20 million euros. The transition to the new aircraft fleet has already led to an increase in operating costs. Nevertheless, the company is confident that this investment will lead to savings in the long term.
The difficulties began with the repeated delays in the delivery of the first two A220 aircraft. These were originally supposed to be delivered before the start of the 2024 summer season, but the date was repeatedly postponed. As a result, additional, significantly more expensive aircraft had to be wet-leased at short notice in order to maintain the planned flight schedule. Further challenges arose from the longer training times for pilots and additional costs for accommodation and daily allowances that arose from the more intensive training. Adapting the IT systems and training the mechanics for the new aircraft type also caused additional expenses.
In addition, significant investments were made in spare parts and engines for the new fleet in 2024. As part of these financial burdens, the airline submitted a €10,9 million wet lease agreement for Airbus A320 aircraft to secure its capacity in the meantime. However, the airline hopes that the financial situation will improve with the full integration of the A220 fleet in the coming years.