Sibir Airlines(S7) Announces 2007 Financial Results


“Last year the airline demonstrated a stable increase in all the financial indicators. This is first and foremost associated with an increase in the number of transported passengers. Sixteen percent more passengers used the services of S7 Airlines in 2007 than in 2006 (5,698,109 aviation passengers),” said the airline’s General Director Vladislav Filev. “In addition, the increase in the company’s efficiency is directly associated with the renewal of the company’s fleet, namely, the commissioning of ten imported Airbus A319 airplanes in 2007.”

“Expenditures on aviation fuel for foreign airplanes is significantly lower than for Russian-made aircraft,” Sibir’s Financial Director Ilya Alexandrovsky noted. “Most air carriers in Russia use Russian airplanes, so their expenditures on aviation fuel are higher. By modernizing its fleet, S7 Airlines not only provides comfortable conditions for passengers, but also reduces its direct expenses.”

In 2008, S7 Airlines preserved positive dynamics in all of its production indicators. By the summer season the company will add to its fleet four new Airbus A320airplanes. The first airplane of this type, obtained by S7 Airlines directly from the plant in Toulouse, France in April 2008, is already being used on a number of routes.

S7 Airlines is the largest airline on Russia’s domestic market and is one of the world’s top 50 in this segment.

In 2007 the company received official notification from the International Air Transport Association (IATA) about the airline’s certification in that organization, becoming the second carrier in Russia to successfully pass the IATA Operational Safety AuditRwspace.

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 People’s Brand / Brand No. 1 in Russia prize in 2007.