Croatia Airlines’ first half losses soar as fuel and finance pressures add to renewal costs

Croatia Airlines reported a significant operating loss of €36.8 million for the first six months of this year, driven by escalating fuel prices and unfavorable exchange rates. This financial strain coincided with the carrier's complex fleet transition process, involving the withdrawal of older aircraft models and a shift towards A220 jets. The company is navigating increased renewal costs associated with this modernization program. Croatia Airlines’ losses deepened substantially due to these combined pressures. Management continues to address the challenges presented by both market fluctuations and operational changes.