Moscow, December 2, 2014 – Transaero Airlines has published its financial results under RAS and progress on its key operational indicators for the first nine months of 2014.

From January to September 2014 Transaero Airlines’ key operational indicators saw passenger traffic grow by 6.4% over the same period of 2013 to 10.5 million passengers and passenger turnover on domestic routes grow by 35% demonstrating the highest growth among the top five largest Russian airlines.

Passenger load factor at 85% was also the highest among the top five carriers in Russia.
The airline’s financial results under Russian Accounting Standards for the first three quarters of 2014 saw revenue from air operations increase by 6% in comparison with the same period of 2013 and reach 84.8 billion RUB (USD 2.4 billion)
The airline’s cost reduction programme adopted in 2012 has delivered savings in the first three quarters of 2014, with selling costs reduced by 8% and administrative costs reduced by 15%.

Despite the negative external factors including the requirement to bypass Ukraine when operating transit flights, Transaero’s profit from sales increased by 63% and reached 6.7 billion RUB (USD 188.8million).

The airline’s net profit reached 130 million RUB (USD 3.7 million). The airline has reached this result despite the significant growth of foreign exchange and forward operations losses, which amounted to 1 billion 658 million RUB (USD 46.8 million) in the first nine months of 2014; as a comparison foreign exchange and forward operations losses in the first nine months of 2013 were 266 million RUB (USD 8.4 million).

The balance-sheet total reached 123 billion RUB (USD 3.1 billion).

The long term/short term borrowing ratio has been improved. By the end of the first nine months this ratio was 48/52%, while in the beginning of 2014 it reached 40/60%.

The Transaero subsidiary company Transaero Finance has reported a net profit of 954 million RUB (USD 26.9 million). In 2013 Transaero Finance had a loss of 273 million RUB (USD 8.6 million).

Thus, the overall profit of JSC Transaero Airlines and Transaero Finance LTD reached 1 billion 84 million RUB (USD 30.6 million) as compared to 463 million RUB (USD 14.6 million) a year ago.

As of the end of September 2014, capitalization of Transaero Airlines calculated in the national currency grew by 40.3% and exceeded 32 billion RUB (USD 812.4 million) in comparison with the results of September 2013 when the capitalization of the company was 22.85 billion RUB (USD 706.3 million).