Transaero Airlines reports EUR202m operating profit in 2012 under IFRS

Transaero Airlines reported (03-Jul-2013) the following financial highlights for 2012 according to International Financial Reporting Standards:

• Revenue: RUB91,843 million (EUR2301 million), +34.6% year-on-year;
• Operating profit: RUB8053 million (EUR201.7 million);
• Profit before tax: RUB276.1 million (EUR6.9 million), -87.4%;
• Passenger numbers: 10.3 million, +1.6 times;
• Cargo volume: 65,900 tonnes, +1.6 times;
• Fleet: From 59 to 94 aircraft;
• Debt/EBITDA ratio: 7.1.[more - original PR]

Transaero: "Over the last two years we have achieved strong growth in all our key performance indicators. Our company maintains a sustainable development rate that exceeds average industry rates, and the airline achieved its highest growth in operational results over the last five years. Both IFRS and RAS demonstrate that the airline is in a stable financial condition. We increased operational revenue despite an increase in fuel prices. Airline management will continue to work at improving the company's operational and financial results. This will contribute to improving our credit history and maturing company finances. Generally speaking the financial statement confirms that Transaero's strategy and tactics have been correct," Olga Pleshakova, CEO. Source: COmpany statement, 03-Jul-2013.