OAO Vladivostok Avia’s losses increased by 466.962m RUR, or 95.2%, from 490.25m RUR up to 957.22m RUR, although it is not quite clear from the company’s report whether the increase occurred over the last quarter of 2010 or the year 2010 on the whole.

The airline explains that the loss was brought about by the low season demand, which resulted in fewer flights being booked; what is more, the jet fuel price rose by 20% on average in December 2010.