Loading
19-Jul-2011 11:04 AM

Aeroflot revenue up 22% but net profit down 36% in 1H2011

Aeroflot reported the following preliminary financial/traffic highlights for the six months ended 30-Jun-2011 in a briefing to Russia’s Prime Minister Vladimir Putin (Interfax/Itar-Tass, 18-Jul-2011):

  • Revenue: EUR1195 million, +22% year-on-year;
  • Net profit: EUR62.9 million, -35.9%;
  • Passenger numbers: 6.2 million, +22%;
  • Seat factor: 75.5%, stable.

* Based on the conversion rate EUR1 = RUB39.7409

Aeroflot: "The entire civil aviation market increased by around 10%. Therefore, we're expanding twice as fast as the civil aviation market," Vitaly Savelyev, CEO and Director General. Source: Interfax, 18-Jul-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More