Aeroflot (Moscow Exchange ticker: AFLT) announced its RAS (Russian Accounting Standards) financial statement for 9 months of 2014 (ended September 30th 2014), the company’s press-service reports.

“The revenues of Aeroflot for 9 months of 2014 reached 176,747 billion rubles (+14% year-on-year), mostly due to increase of passenger traffic. Cost of sales for 9 months of 2014 increased to 143,703 billion rubles (+17.1% year-on-year). This growth was primarily due to ruble’s depreciation, increase of passenger traffic, and higher costs connected with maintenance of the carrier’s expanded fleet,” said in the statement.

Moreover, business expenses for 9 months of 2014 amounted to 24,671 billion rubles (+47% year-on-year) in light of higher booking costs caused by increase of passenger traffic, spending more money on advertising and changes in the ruble’s exchange rate.

The net profit of Aeroflot for 9 months of 2014 was 15 061 million rubles. Aeroflot’s total assets (as of September 30th 2014) amounted to 127,9 billion rubles (+17.5% compared to December 31st 2013).

“As of September 30th 2014, Aeroflot’s long-term liabilities totaled 13,642 billion rubles (-6.1% compared to December 31st 2013). The carrier’s long-term debt (as of September 30th 2014) decreased by 10.1% to 5,095 billion rubles. Aeroflot’s short-term debt amounted to 2,755 billion rubles (as of September 30th 2014), mostly due to raising funds via a bank loan,” Aeroflot explained.