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Aeroflot Group is among the world’s best companies of the industry by financial results of 2011

Russian Aviaton » Wednesday August 15, 2012 19:45 MSK
Sukhoi Superjet 100 (SSJ100) premier flight in Aeroflot colors | JSC KNAAPO

Aeroflot Group has been acknowledged as one of the key players of the world’s air transport industry. The international ratings based on the results of 2011 financial year in civil aviation segment are testifying this fact, Aeroflot’s press-service reports. AEX.ru

According to Air Transport World (ATW), authoritative international magazine, Aeroflot Group was among Top-10 airlines of the world by net profit in 2011. This indicator has almost doubled as compared to 2010 and reached $491,3 million. Therefore, the Group entered the Top-10 from the 23rd place (2010).

The Group also moved from 22nd place to the 15th one by another important indicator – operating profit ($585,3 million in 2011).

These are especially remarkable milestones since they were achieved under conditions of additional expenses connected with integration of assets previously owned by Russian Technologies State Corporation into the Group.

«Provision of financial stability and high efficiency is the top priority of our management, - said CEO of Aeroflot, Vitaly Savelyev. – Thanks to these efforts Aeroflot is strengthening its position as one of the key players at the global market. We plan to be among Top-5 European carriers and Top-20 world carriers by 2025. The latest ratings confirm the feasibility of our goal – to be in line with the grandees of global air transportation market».