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Profit of Pobeda in 2018 decreased by 43%

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Profit of Pobeda in 2018 decreased by 43%
February 20
09:00 2019

Pobeda Airlines, which is part of Aeroflot, has reported on 2 billion rubles of profit for 2018. The revenue for this period has amounted to 35.5 billion rubles.

In 2017, the company’s success was incomparably better. Then Pobeda earned 3.5 billion rubles, having got 20 billion rubles of the revenue. It turns out that in 2018, the company’s revenue grew by 75%, while the profit decreased by almost half.

It is funny that in October, the head of the company Andrey Kalmykov said that according to the results of the year, they expected a large profit. He was very surprised that the media was talking about large losses of the airlines because of the increased fuel prices.

Last year the number of the passengers increased by 55% – to 7.2 million people. In the due year, the company plans to increase the number of passengers to 10 million. Pobeda is going to achieve similar indicators by increasing the aircraft fleet and expanding the route network. Now the carrier has 26 units of Boeing 737-800. In summer there will be 4 additional units of the aircraft. By the end of the year, the company will get new Boeing 737 Max8.

New routes, both national and international, will be announced in the coming month.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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