Russian budget carrier Pobeda proved profitable over the first half of this year, riding the sharp recovery in the country’s domestic travel market.
Passenger numbers more than doubled to 6.4 million in the first six months compared with 2020, and July 2021 passenger figures were 46% higher than the pre-crisis July 2019 level.
Aeroflot Group says the budget airline’s revenues, as a result, more than doubled to Rb28.3 billion ($387 million) under international accounting standards.
It generated an operating profit of Rb4.87 billion and a net profit of Rb2.5 billion, recovering from last year’s interim net loss of Rb2.4 billion.
Pobeda was operating a fleet of 44 Boeing 737s at the end of July.
The airline stationed 10 737s at Moscow Sheremetyevo at the beginning of this year’s summer season.
It is offering 17 destinations from the airport – of which 11 are through codeshares with Aeroflot – including an international route to the Turkish resort of Antalya.