Aeroflot profits up

If Aeroflot can be profitable, how come US carriers are losing money left and
right ?


Aeroflot Profit Up Despite Fuel Costs November 6, 2004

Russian flag carrier Aeroflot raised net profit by 17.9 percent to USD$119.3
million in the first nine months of 2004, it said on Friday, but noted a
substantial rise in costs due to high fuel prices.

The company had previously warned ticket sales might fall after bomb attacks
brought down two planes belonging to other Russian airlines in August, killing
90 people, but the figures did not reflect any substantial negative effect.

The Aeroflot statement did not make it clear what accounting standards the
numbers were calculated to, but Interfax news agency said they were to Russian
Accounting Standards.

State-backed Aeroflot said costs in the period were about USD$1.3 billion --
a 22.4 percent rise from the same year-ago period.

"An increase in operational work and a 26 percent rise in fuel prices were
mainly behind higher costs," it said.

Aeroflot said it carried about 5.3 million passengers in January-September,
a17.7 percent rise year-on-year.

Sales rose about 23 percent to USD$1.4 billion in the period.

The statement confirmed earlier media reports that Viktor Ivanov, a close aide
toPresident Vladimir Putin, had been elected chairman of Aeroflot's board ofdirectors.

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?


No unions, no expensive foreign oil, no competition, no government
regulation, no lawsuits...

Matt

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?


No unions, no expensive foreign oil, no competition, no government
regulation, no lawsuits...

Matt

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?


No unions, no expensive foreign oil, no competition, no government
regulation, no lawsuits...

Matt

Matt wrote:
"nobody" wrote in message
...

If Aeroflot can be profitable, how come US carriers are losing money left

and

right ?



No unions, no expensive foreign oil, no competition, no government
regulation, no lawsuits...

Oil is a commodity. Doesn't the price of domestic oil increase when the
worldwide price of oil increases? The Russian oil companies aren't
restricted to selling oil to Russian companies.

Matt wrote:
"nobody" wrote in message
...

If Aeroflot can be profitable, how come US carriers are losing money left

and

right ?



No unions, no expensive foreign oil, no competition, no government
regulation, no lawsuits...

Oil is a commodity. Doesn't the price of domestic oil increase when the
worldwide price of oil increases? The Russian oil companies aren't
restricted to selling oil to Russian companies.

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?

For the same reasons your beloved Air Canada is in the ****ter, JF.

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?

For the same reasons your beloved Air Canada is in the ****ter, JF.

"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?

For the same reasons your beloved Air Canada is in the ****ter, JF.

On Sun, 07 Nov 2004 18:46:52 -0600, Ted Ng wrote:


"nobody" wrote in message
...
If Aeroflot can be profitable, how come US carriers are losing money left
and
right ?

For the same reasons your beloved Air Canada is in the ****ter, JF.

AC is doing quite well apparently.