Aeroflot posts first half 2015 financial results

In the first half of 2015, Aeroflot Group’s revenue increased by 25.8% year-on-year to RUB 176,467m, primarily as a result of an increase in revenue from scheduled passenger flights and other revenues. Revenue from scheduled passenger flights in the first half increased by 30.0% year-on-year to RUB 144,087m, boosted by 14.0% growth in passenger traffic year-on-year. Revenue from charter flights decreased by 71.0% to RUB 2,075m, due to the Group’s strategy to decrease its presence in this market segment, as well as overall market dynamics in tourism traffic. Despite a 1.0% decrease in the volume of cargo and mail carried in in the first half, cargo revenue increased 16.3% year-on-year on the back of stronger yields. Other revenues increased by 39.9% year-on-year to 25,863m, mainly driven by an increase in FX-denominated revenues from airline agreements following changes in the exchange rate. (1 USD = 64.2039 RUB).