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30.11 2012 16:24:24

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Aeroflot to tackle Rossia in earnest

by Andrey Shenk

Rossiya Airlines, 75% owned by Aeroflot, has deviated from the business plan adopted in 2011 after the handover of its majority stake to Aeroflot. The company expects an operating loss of RUB 1.03 billion and EBITDA contraction to RUB 2.5 bn, with the respective margin of 9.2%. This compares with the 15.1% margin projected for the entire group. Despite this, Aeroflot is proceeding with its plans for the integration of the airline, as evidenced by its plans to increase its share of the passenger traffic via the Pulkovo airport to 55%.

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