Concise Aerospace - Aeroflot reports a snapshot of its financial results for 2012 under Russian accounting standards

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Aeroflot reports a snapshot of its financial results for 2012 under Russian accounting standards

Published 2 April 2013

Revenues and operating costs both increase on growing passenger demand; net profit declines; the company attributes a decline in net profit to expenses of integrating airline subsidiaries (515 words; 2 tables [Aeroflot's financial and operating results in 2011 and 2012])

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Article ID: 11209

• 26 September 2013 - Civil: Aeroflot's board decides that the company should stay in SkyTeam
• 12 August 2013 - Civil: An analysis: Aeroflot's 1H 2013 financial results under Russian accounting standards
• 26 June 2013 - Civil: Aeroflot's AGM approves new board of directors and a 26.2% dividend payout
• 30 May 2013 - Civil: UTair Aviation's AGM on 27 June 2013 will vote on — and likely approve — spending 31% of the company's net profit for dividends
• 21 May 2013 - Civil: Sibir/S7 Airlines reports 2012 financial results under Russian accounting standards
• 29 April 2013 - Civil: Audit Chamber cites inefficiencies at Aeroflot and says the company awarded many contracts without auctions
• 23 April 2013 - Civil: Minority shareholder of Vladivostokavia offers his views about Aeroflot as the majority shareholder and about creation of Far Eastern Airline
• 15 April 2013 - Civil: Aeroflot receives two more new Airbus 320s and returns two Boeing 767s to the lessor
• 9 April 2013 - Civil: UTair Aviation reports 2012 financial results under Russian accounting standards
• 4 April 2013 - Civil: Aeroflot sees strong demand for its Rb 5 billion ($167 million) bond issue
• 28 March 2013 - Civil: Aeroflot transfers its stake in Vladivostokavia to Sakhalin Airlines
• 5 December 2012 - Civil: Aeroflot's board discusses plans for 2013 (operating, financial, capital investments, goals for general director) and other issues
• 4 December 2012 - Civil: Aeroflot's board discusses strategy for Rossiya Airlines
• 3 September 2012 - Civil: Aeroflot's Board approves creation of a single Far Eastern daughter and spending $3.8 bn (20% of sales) for innovation development in 2012-2014
• 11 June 2012 - Civil: Aeroflot's Board reviews possible steps to raise capital, including the potential for an LSE listing in late 2012 or 2013
• 10 April 2012 - Civil: Aeroflot releases summary RAS financials for 2011, showing sales growth of 21%

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