UTair Group's 6-month IFRS net loss increased - RUSSIAN AVIATION

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UTair Group's 6-month IFRS net loss increased

Russian Aviaton » Friday September 1, 2017 09:51 MSK

UTair Boeing 737-800 | photo from web-site www.utair.ru

IFRS net loss of UTair Group for H1 2017 increased 5.44 times to RUB 3.727 billion from RUB 684.945 million for the same period in 2016, the company reported.

Revenue decreased by 4.92% to RUB 32.047 billion from RUB 33.706 billion, loss from operations was RUB 7.986 billion against a profit of RUB 1.702 billion the year before, loss before tax grew 3.72 times to RUB 3.838 billion from RUB 1.033 billion.

In January-July 2017, UTair increased its passenger flow by 13.2% year-on-year to 4.04 million.

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