Ukraine International Airlines Jan 1 – Sep 30, 2015: revenue up by 1%, costs cut by 13%, USD12.54 million operating profit

KIEV, 2015-10-21 — /Travel PR News/ — Ukraine International Airlines analyzed its performance within the period of January 1 – September 30, 2015. Notably, the period is marked with quality indexes upward trend.

Thus, within the reported timeframe UIA increased revenue by 1%, cut costs by 13%, and secured 12.54 million USD operating profit compared to 55.57 million USD operating loss in 2014.

In January – September 2015, UIA operated 31 081 scheduled flights carrying 3 611 352 passengers. These figures surpass the numbers of January – September 2014 by 2% and 26% respectively. The average load factor increased by 12.66% against the fact average ticket rates decreased by 16%.

The carrier launched 19 new non-stop scheduled services – both international and domestic:

• Kiev – Beijing;
• Kiev – Minsk;
• Kiev – Thessaloniki;
• Kiev – Amman;
• Kiev – Kutaisi;
• Kiev – Riga;
• Kiev – Zaporozhye;
• Lvov – Odessa;
• Lvov – Madrid;
• Lvov – Bologna;
• Lvov – Rome;
• Lvov – Tel Aviv;
• Odessa – Moscow;
• Odessa – St. Petersburg;
• Odessa – Vilnius;
• Odessa – Kharkov;
• Odessa – Lvov;
• Kharkov – Batumi;
• Kharkov – Tel Aviv.

“Despite the fact effective demand of Ukraine`s consumers decreased substantially, UIA team makes every effort to boost operations, stimulate passenger demand for air transportation, and expand the geography both in Ukraine and beyond, – noted Yuri Miroshnikov, UIA President. – The airline`s January – September 2015 performance allows us to launch new flights, increase frequencies on a number of routes, and prolong our summertime international flight program from the cities of Ukraine within the period of Winter 2015/2016 Schedule. Moreover, our performance clearly demonstrates UIA take efficient steps to operate consistently, gain momentum, and boost figures”.

SOURCE: Ukraine International Airlines

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