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Aeroflot Announces Financial Results

Aeroflot Group published its condensed consolidated interim financial statements for the nine months of the year ending on September 30, in accordance with International Financial Reporting Standards.

The financial highlights showed that revenue increased to USD6.89 million, up 6.2 percent year-on-year, while earnings before interest, taxes, depreciation, amortisation and rent (EBITAR) reached USD1.72 million, with the EBITDAR margin being 25 percent. The net income totalled USD462.7 thousand.

Shamil Kurmashov, deputy CEO, commerce and finance, Aeroflot Group, said, “Aeroflot Group completed the high season successfully. Passenger numbers grew strongly in the third quarter of [this year] as we increased available seats while keeping passenger load factors stable. In the first nine months of the year we carried 38.3 million passengers.”