Aeroflot reports 133% surge in net profit in 3Q2010

Aeroflot reported a 133.4% year-on-year increase in net profit* to EUR183.6 million for the three months ended 30-Sep-2010 (according to Russian Accounting Standards) (Russian Transport Daily Report, 02-Nov-2010). Net profit for the first nine months of 2010 rose 55.7% to EUR274.0 million. The carrier attributes the result to increased passenger traffic and the receipt of USD52 million from Boris Berezovsky in a ruling by a Swiss court.

*Based on the conversion rate at EUR1 = RUB43.1528