Cargo's role in Aeroflot's YTD '19 net profit

Cargo’s role in Aeroflot’s YTD ’19 net profit

December 2, 2019

Aeroflot’s interim financial statements for the first nine months of 2019, reveal that revenue increased by 12.4% year-on-year to RUB 523,983 million. Net profit totalled RUB 20,305 million.

Andrey Chikhanchin, PJSC Aeroflot Deputy CEO for commerce and finance, said: “The results of the third quarter – the high summer season – were positive for Aeroflot Group. The Group posted a net profit of RUB 29.1 billion for the quarter, and as a result generated a positive result of RUB 20.3 billion for the first nine months of 2019. Revenue from scheduled passenger flights increased by 13.6% year-on-year to RUB 431,181 million, due to an increase in passenger traffic and the additional impact of rising yields. Revenue from charter flights increased by 0.9% to RUB 30,853 million.

Cargo revenue rose by 6.0% to RUB 13,613 million year-on-year as cargo and mail volumes grew by 4.6%.

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.