Russia’s UTair Group, which includes UTair airline (UT), reported a first-half profit of $8.73 million, down 63% from a $23.6 million profit in the year-ago period. Revenue rose 32.5% to $989.8 million while expenses increased 31% to $941.2 million. First-half traffic rose more than 40% in the year-ago period to 3.9 million passengers. Cargo traffic grew 56.3% to 12,404 tons. The group also includes UTair-Express, UTair-Ukraine, UTair-Cargo and several helicopter operators in ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.