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Croatia Airlines Forecasts Short-Term Financial Losses Amid Fleet Transition

Croatia Airlines has warned of negative financial outcomes in the short term, citing challenges associated with its fleet renewal investment cycle. The airline is currently undergoing a major fleet transition, which is expected to improve long-term operational efficiency but will temporarily strain financial performance.

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Croatia Airlines Reports €9 Million Loss Amid Fleet Transition

Croatia Airlines has reported a net loss of €9 million for the third quarter of 2024, a period traditionally profitable for the carrier. This downturn is primarily attributed to elevated expenses associated with the ongoing transition to a new fleet of Airbus A220 aircraft.