Aeroflot’s net profit decreases at the end of nine months

Photo by Sheremetyevo Airport

Aeroflot’s net profit at the end of nine months of 2015 stands at 7.148 billion rubles (ca $107.5 million), according to the airlines financial report (under Russian accounting standards). The figure is less than a half of the last year’s similar period result of 15.061 rubles. Russia’s largest airline’s revenue, by contrast, has increased to 273.14 billion rubles ($4.11 billion) from last year’s 176.747 billion rubles.

At the end of the first half year 2015 Aeroflot reported 1.063 billion ruble loss, whereas one year before its profit stood at 3.391 billion rubles.

Half-year results (by international accounting standards) for the entire Aeroflot Group, which includes five subsidiaries, show that its losses stand at 3.541 billion rubles against 1.905 billon rubles a year earlier.

Aeroflot’s traffic at the end of nine months has shown 10.3% growth to 19.7 million passengers, with load factor up 0.7 to 80.2%.

Russia’s flag carrier, based in Moscow Sheremetyevo airport served 119 destinations in 51 countries in its 2015-16 winter schedule, of which 43 are domestic routes. According to Aeroflot, it operates one of the youngest fleets in the world with average aircraft age of 4.45 years (as of September 2015). The fleet includes 13 Boeing 737s, 96 Airbus A320 family aircraft (7 A319s, 63 A320s and 26 A321s), 22 widebody А330 and 13 Boeing 777 aircraft and 21 russian-built regional Sukhoi Superjet 100 (SSJ 100) aircraft.