Jadrolinija: Revenues drop and new protective measures due to COVID-19

In the first six months of 2020, Jadrolinija ferries transported 52% of passengers and 62% of vehicles less compared to the same period last year. Also, the company generated 42% of commercial ticket sales revenue.

Last year, Jadrolinija transported 12.5 million passengers and 3.2 million vehicles with total revenue of HRK 977.8 million. Revenues from ticket sales for passengers and vehicles made up more than half of Jadrolinija’s total revenues in the last year.

Jadrolinija states that, given the circumstances and the crisis caused by the COVID-19 pandemic, the company has adjusted its operations to the crisis management method, with three key activities.

The company works on preserving the health of employees and service users by taking all measures according to the instructions of the Civil Protection Headquarters. Besides, the goal is to ensure operational business continuity as well as financial stability, solvency and liquidity.

Therefore, a crisis reduced business plan has been adopted, all activities that are not necessary for operational functioning have been suspended, and activities that are related to securing additional sources of financing are being continuously undertaken.

Three new ships

When asked about the continuation of the renewal of the fleet, Jadrolinija states that they are introducing three newly acquired ships into the fleet this year. The ship “Ugljan” on the line Zadar – Preko sailed in early July, “Faros” is expected in early August when it will take over the line Split – Hvar while the ship “Lošinj” is in the shipyard in the phase of preparation in order to meet the regulations for obtaining a certificate and be able to sail in Croatia. Fleet renewal projects and planned investments have been postponed until the end of the year. According to Jadrolinija, after the end of the season and the achieved results, together with the Ministry of the Sea, Transport and Infrastructure, they will continue further necessary investments.

Retained off-season prices

Since the 29th of May, off-season prices apply on all car ferry lines and seasonal prices apply for the catamarans and fast boat lines. Considering that Jadrolinija did not operate in full due to the pandemic, they accepted the recommendation of the relevant ministry and, with the consent of the Coastal Shipping Agency, they will keep the off-season prices.

Also, the resumption of traffic on the international line Zadar – Ancona was announced and Jadrolinija confirmed that ships on that line will start operating in early August, considering Italian tourist market and the demand of Italian passengers, but also depending on the development of the COVID-19 pandemic.

Applied protective measures

All passengers on the ships of this domestic shipowner are required to wear medical masks or face masks during the voyage. The obligation to wear protective masks applies since the 25th of June. 

Jadrolinija also says that the crew warns of the provisions when boarding passengers and the obligation to wear masks is also emphasized through the loudspeaker, during the voyage.

As stated, Jadrolinija also reminds its passengers of other measures to protect against the spread of COVID-19, such as staying in the vehicle on trips shorter than 60 minutes, buying tickets online, maintaining hygiene and distance from other passengers and employees.

Source: HR Portfolio