Adria Airways to focus on profitability after difficult 2018
Adria Airways will put an emphasis on returning to profitability in 2019 following a difficult year, which is expected to result in the carrier's worst financial performance in fifty years. According to local media reports, Adria will further grow its lucrative ACMI business with plans to wet-lease additional aircraft to Austrian Airlines, Brussels Airlines, Luxair and Lufthansa next summer. Furthermore, it will continue growing its operations outside of Ljubljana, due to the limited opportunities on the Slovenian market. The carrier recently opened a base in Paderborn in Germany and has previously expressed interest in doing so in Bern. The airline has already discontinued unprofitable routes from the Slovenian capital and will work on further reducing risks in 2019.
Adria's CEO, Holger Kowarsch, recently said, "We will work hard to position Adria Airways as a stable business for further growth. We already achieved substantial development and we will continue to expand the potentials of this company and build it into an even stronger airline in the future". The carrier will be recapitalised with four million euros from its owner by the end of the year and will receive an additional ten million euros during the first quarter of 2019. "We see huge potential in the company, with our priority being to stabilise our operations and restore the trust of our passengers. There is a lot of hard work ahead of us, but we are confident that we will succeed", Mr Kowarsch added.
The Slovenian carrier recently signed a Letter of Intent for the acquisition of fifteen Sukhoi Superjet 100 aircraft, which are to be delivered from next year onwards. This is on top of the three Bombardier CRJ900 aircraft the airline signed up for in June, to be provided by lessor Regional One next year. Asked whether the order is still valid following the carrier's shift to Russian-made aircraft, the Slovenian carrier simply noted, "The order of the CRJ900 is still an option for us". At the time, the carrier said it would consider adding more of the seventy-seat CRJ700 aircraft to its fleet next year as well.
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