Ural Airlines’ profit reached over 2.6 billion rubles

21.03.2017 — News

SVERDLOVSK REGION

Ural Airlines left 2016, demonstrating remarkable improvement of the key performance indicators.

As RusBusinessNews has been informed by the carrier’s Press Service, the revenue increased by 31%. With the improved efficiency of its flights and reduced costs the airline hit its 10-year profit high of 2.69 billion rubles, a 9.4-fold increase as compared with 2015.

The traffic volume in revenue passenger kilometers increased by 19%, the revenue per available seat rose by 3.5%. The airline’s portion in the total air traffic in Russia went up by 1.5%.

In 2016, Ural Airlines reduced their foreign loan portfolio by 2 billiob rubles. The Board of Directors recommended the General Meeting of Shareholders to pay out a portion of the net profit (less than 50%) as dividends.