Aeroflot 2011 Net Jumps 94% to $491 Million on Recovery, Sales

Aeroflot Group, Russia’s biggest airline, boosted 2011 profit 94 percent to $491 million as economic growth led people to fly more and on sales of stakes in some units.

Revenue rose 25 percent to $5.38 billion, the Moscow-based airline said today in a statement. Earnings before interest, taxes, depreciation and amortization were $646 million.

To contact the reporter on this story: Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Mark Sweetman at msweetman@bloomberg.net

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