Transaero Airlines reports three months results

Transaero Airlines financial results under Russian Accounting Standards for the first three quarters of 2014 saw revenue from air operations increase by 6% in comparison with the same period of 2013 and reach 84.8 billion RUB (US$2.4  billion). The airline’s cost reduction programme adopted in 2012 has delivered savings in the first three quarters of 2014, with selling costs reduced by 8% and administrative costs reduced by 15%. Despite the negative external factors including the requirement to bypass Ukraine when operating transit flights, Transaero’s profit from sales increased by 63% and reached 6.7 billion RUB (US$188.8million), the airline stated. The