Transaero Airlines reported a loss in the first quarter of 2011, increasing it by 45% compared to the same period last year, to RUB 350 million. This is stated in the carrier's message. As a Kommersant source at Transaero explained, the deterioration in financial results is explained by the situation with a temporary ban on flights to Egypt and Tunisia. “To minimize losses, the company redirected flights and increased the frequency of existing ones, but the result was not as favorable as expected,” he says. According to Rosaviatsiya, in the first quarter, Transaero increased passenger transportation by 9.2%, while reducing the seat load factor by 4.2% (to 76.7%). Kommersant’s interlocutor also notes that due to the emergency situation in North Africa, the company had to evacuate people, that is, fly passengers only back. “In addition, the factor of the low season, rising prices, and the consequences of freezing rain had an impact,” added Kommersant’s source at Transaero. In 2010, Transaero's net profit amounted to 580 million rubles, revenue - 60.8 billion rubles.

Transaero incurred losses