The airline MAU for the first time in 3 years reached break-even

  • The airline "MAU" for the first time in 3 years reached break-even
  • The airline "MAU" for the first time in 3 years reached break-even

February 18, 2013 Airline "Ukraine International Airlines' (UIA, Kyiv), the largest Ukrainian air carrier for the first time in three years and reached break-even net profit. "As evidenced by the preliminary financial results last year, in accordance with the rules of national accounting report of Ukraine, airline profit before tax of 9.5 million UAH", — said the UIA on Monday without specifying the net profit.

"Despite the small profit, the financial results in 2012 did not allow airlines to completely solve the problems of liquidity and cut off the accumulated losses of the past years", — said the UIA.

However, the company believes that the positive financial results for the year demonstrate its stability and tendency to overcome difficult for the aviation industry of the global financial crisis.

The final financial result will be announced after the completion of an audit conducted at the present time by Deloitte &Touche USC.

In addition, the airline reported that in 2012, completed 25.12 million flights carried 2.8 million passengers, an increase of 33% over the same period in 2011.

The last time the airline has received a net profit in 2009: then it was reduced by 2.2 times compared to the previous year — to 7.85 million USD. In 2010, the company had a net loss of 188.5 million USD, a year later — 407,580,000 USD. While net income in 2011 increased by 26.3% — up to 3,000,000,000 33,390,000 USD.

The first half of 2012 UIA completed with a net loss of Rs 165.27 million in net income 1,000,000,000 611,128,000 USD. FAQ:

MAU Founded in 1992, by now fully privatized. Its fleet consists of 21 medium-haul Boeing-737, base airport — the international airport of Kiev "Borispol" (CWR).

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