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Yelizovo international airport in Petropavlovsk-Kamchatsky. (RIA Novosti/Alexandr Piragis) 25.11.2011, 15:08

Aeroflot takes dip to soar higher

Russia’s leading air carrier Aeroflot is going for a market maneuver – intentionally lowering its income next year to boost performance in the long run. It plans to expand its flight network to 17 new locations, and increase flight frequency by 24%.

RIA Novosti / Ruslan Krivobok 11.11.2011, 17:22

More passengers send Aeroflot revenue skyward

Russian flag carrier Aeroflot is reporting gross revenue of 99.14 billion roubles for the past 9 months, up from 82.72 billion roubles for the same period last year.

RIA Novosti / Ruslan Krivobok 27.09.2011, 12:05

Aeroflot posts 1H 2011 net profit of $376.8 million

Russian air flagship, Aeroflot, has posted a 1H 2011 net profit of $376.8 million under IFRS.

Aeroflot spreads wings

Published: 07 February, 2012, 16:26

RIA Novosti / Aleksandr Vilf

RIA Novosti / Aleksandr Vilf

TAGS: Corporate Results, Russian economy


Russia’s leading airline Aeroflot has cemented its position by posting the best results of any Russian carrier last year. Passenger numbers grew 25.6% or 14.1 million in 2011.

­Aeroflot’s figures were given a boost in December with numbers for the month up 38.7% to 1.2 million. International passenger number grew 23.4% to 671,900 while 526,400 travelled on domestic fights up 64.7%.

In 2011 Aeroflot operated 42 billion passenger-kilometres, which is 20.8% more than in 2010.

Though the seat occupancy rate remained unchanged comparing to 2010 and was 77.5%, it offers a challenge to increase passenger traffic without boosting air carrier’s capacity, experts say. 

In general the growth of Aeroflot’s figures was provided by operating on international routes”, says Kirill Markin  from Investcafe. “The company is expanding its international route network and offers direct flights to major airports. All these factors contribute to its leading position and financial and operational growth”.

Aeroflot also continues its investment program in modernising and expanding its fleet, which will contribute to capacity growth, Markin added.

Aeroflot showed better growth than European rivals, while Austrian Airlines passenger numbers came at 11.3 million passengers or 3.4% more than 2010 and Swiss’ grew 8% up to 16.4 million passengers. Meanwhile the Lufthansa Group showed 11.1% growth in 2011.

Overall global airline passenger traffic rose 5.9% last year, according to the International Air Transport Association.

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