Ural Airlines’ Net Profit Up 9.4 Times

17 March 2017 (13:10)

UrBC, Yekaterinburg, March 17, 2017. Ural Airlines’ performance indicators improved considerably in the last year, with results much better than the sector’s average, the air carrier’s press service reports.

The airline’s passenger traffic rose by 19% (compared with a 3.8% overall drop in the Russian civil aviation sector), payload rose by 3.5% (compared with -1.3% in the country on the whole), and the airline’s share on the national market rose by 1.5%.

‘The increase in passenger traffic and improved performance efficiency resulted in much better key financial performance indicators: the company’s income went up by 31%. An impressive increase in net profit has to do with the fact that the Russian ruble grew a bit stabler in the second half of last year. This meant we needed to spend fewer dollars and euros. Besides, Ural Airlines have been working on a cost-cutting program targeted at controlling the prime cost of our flights,’ the press service says.

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