Russian airline earnings amount to approximately 1,77 trillion rubles
Rake in the Moolah: How Russian Aviation Achieved Record Profits in 2024
Aviation news is sizzling hot, as the revenue of a whopping 29 Russian airlines soared to an astonishing 1.67 trillion rubles in 2024! Sit back and listen up, 'cause we're about to break it down for you!
The heavyweight champion of the ring? None other than "Aeroflot," who snatched away the largest piece of the pie with a revenue growth of 405.4 billion rubles! And let's not forget the other 21 leading airlines that cashed out over 100 billion rubles! On the contrary side, eight not-so-lucky companies took a hit, reporting a net loss of 27.9 billion rubles, compared to 69 billion rubles in 2023 💔.
The good times didn't stop there! Operating profit skyrocketed 4.7 times and reached a whopping 61 billion rubles, compared to 13 billion rubles in 2023. Psst... do you know who's missing from the party? "Pobeda," whose data isn't being shared.
But what's the secret behind this record-breaking success story? Experts point fingers at two major factors. Firstly, the increase in the number of international flights. Yep, you heard that right! Russian airlines bought a ticket overseas and welcomed 27 million passengers on international flights, marking a jaw-dropping 20.1% increase!
Credit également the hike in ticket prices, which contributed to approximately 16 percentage points of revenue growth, according to Anastasia Egazarayan, a senior analyst at Alfa Bank 📈. Alexander Gushchin, the director of corporate ratings at ACRA, adds that international flights bring in way more greenbacks than their domestic counterparts 🛬.
Curious to know more about the figures from Rosaviatsiya? In 2024, domestic flights saw 84.7 million passengers, a humble 2% year-on-year increase. But fear not, the increase in international flights more than made up for it!
Stay tuned for more updates! In the meantime, make sure to follow our Telegram channel @expert_mag for all the insider info!
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In the record-breaking year of 2024, Aeroflot led the pack with a staggering revenue growth of 405.4 billion rubles, considerably higher than other leading airlines that banked over 100 billion rubles each. Nevertheless, eight airline companies endured losses, amounting to 27.9 billion rubles compared to 69 billion rubles in 2023 💔.
The impressive revenue was not solely due to the increase in the number of international flights, which welcomed 27 million passengers, marking a significant 20.1% increase 🛬. The surge in ticket prices also played a crucial role, contributing to about 16% of the total revenue growth, as noted by Anastasia Egazarayan, a senior analyst at Alfa Bank 📈.
