UTair Engineering revenues drop 6.8%
The revenues of UTair Engineering (UTair Airlines’ daughter enterprise), calculated in accordance with the Russian Accounting Standards, declined by 6.8% in January-March 2011 compared with the first quarter of 2010 and came to 407.1m RUR, the company reports.
The net loss amounted to 307.39m RUR, which was 94% more than in the first quarter of 2010.
The company explains the net loss has to do with the expenses exceeding the profits.
The net loss amounted to 307.39m RUR, which was 94% more than in the first quarter of 2010.
The company explains the net loss has to do with the expenses exceeding the profits.
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