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

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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%.