Transaero Airlines: Growth Leader Among Top 5 Russian Airlines

Moscow, August 8, 2011 – Transaero Airlines, the second largest passenger airline in Russia, announces its financial results for the first half of 2011 under Russian Accounting Standards. The results mark another record breaking period of strong and sustainable growth for the airline. According to official industry data, during the reporting period Transaero Airlines has demonstrated the highest level of growth in key performance indicators among all the top five Russian Airlines, which together share more than a half of the Russian air transport market.

Financial Highlights:
· Strong revenue growth amounted at 32 bln rubles for H1 2011, 31.4% more than for the same period last year. The growth was supported by a significant increase in operation volumes. The growth rate of revenue was higher than the growth rate of passenger turnover
· Before tax profit constituted 270 mln rubles, 20.9% more than for the period January-June 2010
· Net profit reached 114 mln rubles, a 6% increase over the same period last year
· The total value of airline assets at the beginning of 2011 totaled 57.43 bln rubles, a 32.7% increase over the value of assets at the beginning of 2010. This growth of capital assets comes in connection with the airline’s fleet development program and the growth of unfunded debt from agents caused by a significant increase in sales volumes.