3-Dec-2013 2:35 PM

Aeroflot Group operating profit under IFRS doubles in 3Q2013

Aeroflot Group revenue up 21% - financial highlights for three months ended 30-Sep-2013 (according to International Financial Reporting Standard):

  • Revenue: USD2900 million, +21% year-on-year;
  • Total operating costs: USD2217 million, +6.6%;
    • Fuel: USD687 million, +10.8%;
  • Operating profit: USD683 million, +109%
  • Net profit: USD544 million, +88%;
  • Yield: USD 9.7 cents, +11%;
  • Total assets: USD6755 million;
  • Cash and cash equivalents: USD759 million;
  • Total liabilities: USD4764 million. [more - original PR]

Aeroflot: “Aeroflot Group’s strong financial results were driven by three factors. First, we offer clients a premium product at an attractive price. Second, we are managing costs effectively. Third, we are optimising the operations of our subsidiaries that are being integrated into the Group. We are on track this year to serve the most customers in Russia’s modern history. At the same time we maintain our relentless focus on safety. This is bolstered by our aircraft fleet, which is the best in Russia and one of the youngest in Europe,” Vitaly Saveliev, CEO. Source: Company statement, 02-Dec-2013.

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