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The net profit of Aeroflot for 9 months of 2013 reached $542.2 million
Russian Aviaton » Tuesday December 3, 2013 18:28 MSK

Aeroflot announced the consolidated IFRS financial statement of Aeroflot Group (the “Group”, Moscow Exchange ticker: AFLT) for 9 months of 2013 ending September 30th 2013, the company’s press-service reports.

The net profit for 9 months of 2013 reached $545,2 million (+84,1% as compared to 9 months of 2012). The revenues for 9 months of amounted to $7 032,7 million (+16.8%). The traffic revenues were up 17,8% to $6 259,0 million, Aeroflot reported.

Moreover, according to the carrier the fuel costs for 9 months of 2013 increased by 11.4% (as compared to 9 months of 2012) to $1 877,5 million ($1 685,0 million for 9 months of 2012). The operating costs (excluding fuel costs) for the accounting period amounted to $4 305,4 (+10,1%). The basic and diluted earnings per share for 9 months of 2013 reached $0.5 and $0.499 respectively (+63.4% and +64.7% respectively).

We remind you that the passenger traffic of Aeroflot Group for 9 months of 2013 increased by 14,7% (as compared to 9 months of 2012) to 24,0 million passengers, while the passenger turnover reached 65 363,0 million revenue passenger kilometers (+16.2%). The capacity of Aeroflot grew 18,3% and the capacity of Aeroflot Group was up 15,8%. Aeroflot ceased the operation of its cargo aircraft fleet in 2013 and switched to belly cargo operations. It was the key factor in terms of decreasing the cargo traffic by 8.6% over 9 months of 2013 (as compared to the same period of 2012).

«There are three key factors granting our strong financial results. First, we offer our passengers a premium class attractively priced product. Second, we are managing our costs effectively. Third, we are optimizing the activities of our subsidiaries integrated into Aeroflot Group », - Vitaly Savelyev, CEO of Aeroflot, noted. «This year we are on track for setting another record in terms of passenger traffic. At the same time we keep paying special attention to provision of flight safety. And our fleet, the best in Russia and one of the Europe’s youngest ones, contributes to achieving our goals».

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