Russia’s Aeroflot (SU) has reported a 2011 profit of $491 million, up 94% from a $253 million profit in the year-ago period.
Aeroflot A330. Courtesy, Airbus Russia’s Aeroflot (SU) has reported a 2011 profit of $491 million, up 94% from a $253 million profit in the year-ago period. Revenue rose 25% to $5.3 billion and traffic revenue increased 21% to $4.5 billion. Operating costs rose from $2.9 billion to $4 billion year-over-year. The airline said the results, in accordance with International Financial Reporting Standards, were due to the growing number of passengers. It also sold shares in several ...
Subscribe to Access this Entire Article
"Aeroflot reports $491 million profit in 2011" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.