Ukraine International Airlines posts UAH 200mn (USD 25mn) loss for 2010.

By bne IntelliNews February 4, 2011
Ukraine International Airlines posted UAH 200mn (USD 25mn) loss for 2010. According to MP Yevhen Marmazov, who chairs the special parliamentary regulatory commission on privatization, the company's revenues amounted to UAH 2.4bn in 2010. At the same time, the airline's president Yurii Miroshnykov pointed out that these figures were preliminary and that the exact financial figures would be known in April after a financial audit of the company. Miroshnykov said that these figures were due to an increase in costs and the negative figures for charter and domestic flights. The company finished 2009 with net profit of UAH 7.9mn, when its net revenues from provision of services increased by 15.79% y/y to UAH 2.2bn. Ukraine International Airlines was founded in 1992. The airline company has a fleet of 18 Boeing airplanes. UIA Beteiligungsgesellschaft mbH (Austria) owns 22.52% of the shares in Ukraine International Airlines, UIA Holding (Austria) owns 9.93%, and Capital Investment project (Kyiv) owns 6%.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss