23-Nov-2010 12:03 PM

UTair expects 2010 net profit to triple

UTair stated it expects to report a 21.4% year-on-year jump in revenue to RUB40,428 million (EUR953.7 million) and a triple in net profit to RUB661.9 million (EUR15.6 million) in 2010 (Russian Transport Daily Report, 22-Nov-2010). The carrier however, expects a 9.8% decline in EBITDA to RUB2,850 million (EUR67.2 million) during the period.