TRLN news

Aeroflot Russian Airlines posted a net profit of USD$85.5 million in fiscal 2009 an increase of 260 percent year-on-year. Analysts value this as an astonishing result since the turnover went down by 27 percent to USD$3.35 billion and a 4 percent passenger deficit was announced by the Moscow-based airline. The item airline revenue agreements mentioned in the balance sheet indirectly points to one reason why Aeroflots gains went through the roof. This little known item bundles all revenues resulting from code-sharing contracts with foreign airlines plus the royalties non-Russian carriers have to pay for crossing Siberian territory on routes between Europe and the Far East. Source: Flying Typers