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Aeroflot profit off 38pc to US$460.1 million but revenue up 6.2pc
来源：shippingazette.com 编辑：编辑部 发布：2017/12/05 10:29:05
RUSSIAN flag carrier Aeroflot posted a 38.1 per cent year-on-year decline in net profit over the first nine months of the year to RUB27.1 billion (US$460.1 million) drawn on revenues of RUB404.7 billion, up 6.2 per cent.
But Aeroflot posted a 65.3 per cent increase in international cargo and mail carried in the first 10 months of the year to 218,718 tonnes, reported London's Air Cargo News.
According to the carrier's October figures, revenue cargo tonne kilometres were also up sharply, by 72.2 per cent.
Domestic cargo performance was more muted, up 12.7 per cent in terms of tonnes carried, and 8.2 per cent in revenue tonne-kilometres terms. Total (international and domestic) cargo carried for the 10 months was up 37 per cent.
"Aeroflot completed the high season successfully. Passenger numbers grew strongly in the third quarter of 2017 as we increased available seats while keeping passenger load factors stable," said deputy CEO Shamil Kurmashov.
"In the first nine months of the year we carried 38.3 million passengers. Operational indicators grew due to both a revival of the international segment and the continued development of domestic flights." he said.
"Our financial results for the first nine months and the third quarter of 2017 reflect a normalisation of profitability. Rising fuel costs, which normalised only in the third quarter, as well as cost pressures from staff costs and investments in the quality of our product, were the main contributors to the rise in operating costs," he said.
"The financial results for this accounting period confirm the favourable conclusion to the third quarter, which traditionally forms the major part of Aeroflot's full-year results," said Mr Kurmashov.
But Aeroflot posted a 65.3 per cent increase in international cargo and mail carried in the first 10 months of the year to 218,718 tonnes, reported London's Air Cargo News.
According to the carrier's October figures, revenue cargo tonne kilometres were also up sharply, by 72.2 per cent.
Domestic cargo performance was more muted, up 12.7 per cent in terms of tonnes carried, and 8.2 per cent in revenue tonne-kilometres terms. Total (international and domestic) cargo carried for the 10 months was up 37 per cent.
"Aeroflot completed the high season successfully. Passenger numbers grew strongly in the third quarter of 2017 as we increased available seats while keeping passenger load factors stable," said deputy CEO Shamil Kurmashov.
"In the first nine months of the year we carried 38.3 million passengers. Operational indicators grew due to both a revival of the international segment and the continued development of domestic flights." he said.
"Our financial results for the first nine months and the third quarter of 2017 reflect a normalisation of profitability. Rising fuel costs, which normalised only in the third quarter, as well as cost pressures from staff costs and investments in the quality of our product, were the main contributors to the rise in operating costs," he said.
"The financial results for this accounting period confirm the favourable conclusion to the third quarter, which traditionally forms the major part of Aeroflot's full-year results," said Mr Kurmashov.