Aeroflot Increased Net Profit According To IFRS In 2006

05 June 2007


Net profit of JSC “Aeroflot – Russian Airlines” in 2006 according to International Financial Reporting Standards (IFRS) made $258,1 mln. and exceeded the previous figure by 36%, i.e. $68,3 mln.

Revenues of JSC “Aeroflot” according to IFRS as compared with 2005 grew by 18,1% or by $ 456,4 mln. and made $2982,7 mln., operating expenses increased by 14,1%, i.e. $321,5 mln. and made $2605,7 mln.

According to Mikhail Poluboyarinov, Deputy General Director for Finances and Planning of JSC “Aeroflot”, this result is reached at the expense of growth of number of carried passenger, efficient revenues management and reduction of corporate expenses.

JSC “Aeroflot – Russian Airlines” (AFLT) is a certain leader of civil aviation in Russia, actually a national carrier. Being the largest domestic airline company it transports over 7 mln. of people annually and together with its subsidiaries – about 9 mln., i.e. 23% of the total amount of Russian air passengers.  With a fleet of 90 air crafts it flies to 93 destinations in 47 countries (302 flights a day). The company controls 51% of the Russian market of regular international flights and about 12% of domestic flights. Net profit in 2006 made 7,9 bln. rubles.

Aeroflot is one of the oldest airline companies and one of the most known commercial brands in the world. The company was founded in 1923; it is based in Moscow in the international Sheremetyevo airport. In 2006 Aeroflot became the first Russian airline company to enter the global alliance SkyTeam. Joint route network of the alliance includes 728 destinations in 149 countries that gives Aeroflot passengers boundless opportunities of choice. Bonus programs of all alliance partners extend to Aeroflot clients. More information about SkyTeam benefits is available at

Aeroflot is the only certified operator of international operational safety audit (IOSA) in Russia.

Tickets to Aeroflot flights with on-line payment, technology of e-ticket and more detailed information about the company are available at