September 05, 2012, Moscow.– Net profit of Aeroflot Group for the first 6 months of 2012 totaled $7.1 mln. according to IFRS.
Revenue of the Group increased by 54% and totaled $3,614.4 mln. Traffic revenue went up by 64% and amounted to $3,162.6 mln. The substantial increase in revenue was a result of growth of the Group’s operations volume in the first 6 months of 2012 as well as consolidation of OJSC “Rossiya airlines”, JSC “SAT Airlines”, JSC “ORENAIR”, JSC ”Vladivostok Air” integrated in Aeroflot Group on 15.11.2011.
Operating costs of the Group increased by 64% and totaled $3,516.3 mln. The increase in operating costs also was caused by growth of the Group’s operations volume and effect from consolidation of financial results of airlines integrated in Aeroflot Group in November 2011. Operating profit of Aeroflot Group for the first 6 months of 2012 totaled $98.1 mln.
EBITDA of the Group amounted to $247.5 mln., EBITDA margin totaled 7%.
The main influence on financial results of Aeroflot Group for the first 6 months of 2012 was exerted by consolidation of financial results of four airlines. Full integration of subsidiary airlines in the structure of the Group is currently in an active phase and yet has not been completed.
Aeroflot is Russia’s leading air carrier, member of the global SkyTeam alliance. Its consolidated route network covers 983 destinations in 178 countries. In 2011 Aeroflot carried over 14 million passengers.
In 2011 SkyTrax put Aeroflot into the top 3 of the ‘most dynamically developing airlines of the world’ and honoured Aeroflot with a prestigious international SkyTrax World Airline Award as ‘the best airline in Eastern Europe’.
In 2010 Air Transport World magazine put Aeroflot at the top 25 world airlines for ‘operational profit’ and ‘net profit’ results.
Aeroflot was the first Russian carrier to enter the IOSA Registry, and has been consistently re-attested. Aeroflot has successfully passed the ISAGO (IATA Safety Audit for Ground Operations) procedure. The company’s Quality Management System is certified for compliance with ISO 9001:2008.
Aeroflot– General Partner of Sochi 2014 Olympics and Paralympics.
Aeroflot operates one of Europe’s youngest air fleets that consists of 120 aircraft. Aeroflot is based at Moscow Sheremetyevo International Airport. Find more at www.aeroflot.ru.