Rapidly growing Transaero increases net profit in first half, places A320neo order

Transaero, has made an unexpected order for A320neos, breaking Boeing's stranglehold over the fleet of Russia’s second-largest airline by passenger numbers and revenue. Transaero last week reported a net profit of RUB114 million (USD4 million) in the first half of 2011, a 6% year-on-year increase. Transaero’s net result, albeit narrow, contrasts with rival carriers across Europe, the majority of which have reported sharp year-on-year reductions due to rising fuel costs and difficult economic conditions. [1155 words]

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This report contains the following subheadings:

• Fleet growth strong, Airbus claims major Boeing customer with A320neo order
• 'Best result in history'
• Outlook strong for 2HY2011

This report contains the following charts and tables:

• Russia’s five largest carriers – key operating statistics 1HY2011
• Growth in Transaero’s key operating measures in 1HY2011
• Transaero revenue (RUB bill) and revenue growth (% change year-on-year): 2005 to 1H2011
• Transaero full-year net profit and net profit growth
• Transaero’s passenger numbers ('000s) and growth (% change year-on-year): 2005 to 1H2011
• Transaero full-year RPKs (bill) and RPKs growth (% change year-on-year): 2005 to 1H200