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UTair Group operating profit up 23% in 2011

10-Jul-2012 3:41 PM

UTair Group revenue up 25% - financial highlights for 12 months ended 31-Dec-2011 under IFRS:

  • Revenue: RUB55,338 million (EUR1357 million), +25% year-on-year;
  • Operating profit: RUB4289 million (EUR105.2 million), +23%;
  • EBITDA: RUB7629 million (EUR187.1 million), +23%;
  • Net debt: RUB32,867 million (EUR805.8 million), +23%;
  • Passenger numbers: 6.7 million. [more - original PR]

*Based on the average conversion rate at EUR1 = RUB40.7854

UTair Group stated it added 40 fixed wing aircraft to its fleet and opened 40 new routes to its network in 2011.