Sibir Airlines Increases Sales by 44%
The company’s net profit for the first nine months of 2008 nearly doubled over last year to 157 million rubles. Sibir’s net assets as of October 1, 2008 amounted to 1,433 million rubles, up 43% from last year.
“The airline is showing stable growth in all the financial indicators despite the rise in fuel prices throughout 2008. This is first and foremost due to the increase in the number of transported passengers, optimization of the company’s route network and systematic phasing-out of Soviet-made airplanes from the fleet,” said Ilya Alexandrovsky, S7 Airlines’ Deputy CEO for Finance and Economics.
S7 Airlines (the OAO Sibir Airlines brand) is the largest airline on
In 2007 the company received an official notification from the
S7 Airlines is one of Russia’s most stable airlines, incorporating the latest achievements of the world industry in the servicing of passengers and actively expanding its service. S7 Airlines won the annual national “
* All the financial data are given according to Russian Accounting Standards (RAS).