UTair Engineering revenues drop 6.8%

The revenues of UTair Engineering (UTair Airlines’ daughter enterprise), calculated in accordance with the Russian Accounting Standards, declined by 6.8% in January-March 2011 compared with the first quarter of 2010 and came to 407.1m RUR, the company reports.

The net loss amounted to 307.39m RUR, which was 94% more than in the first quarter of 2010.

The company explains the net loss has to do with the expenses exceeding the profits.


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