Adria Airways Posted EUR 11M in Net Loss in 2012

Adria Airways Posted EUR 11M in Net Loss in 2012

 

Slovenian flag carrier Adria Airways generated EUR 10.8m in net loss in 2012, which is down 10.2% over 2011 but somewhat below plans. The company expects to break even this year.

After finishing 2011 over EUR 12m in the red, the flag carrier planned to reduce the figure to EUR 7.5m as part of restructuring last year.

However, the situation in the aviation industry further deteriorated in 2012, acting CEO Mark Anžur told Tuesday’s press conference in Brnik