OREANDA-NEWS. November 25, 2008. S7 Airlines (the OAO Sibir Airlines brand), Russia’s largest air carrier by number of transported passengers on domestic routes, announces its financial results for the first nine months of 2008, reported the press-centre of S7 Airlines.

The company posted sales of 31,929 million rubles in the period from January through September 2008, up 44% from the same period of 2007.

The company’s net profit for the first nine months of 2008 nearly doubled over last year to 157 million rubles. Sibir’s net assets as of October 1, 2008 amounted to 1,433 million rubles, up 43% from last year.

“The airline is showing stable growth in all the financial indicators despite the rise in fuel prices throughout 2008. This is first and foremost due to the increase in the number of transported passengers, optimization of the company’s route network and systematic phasing-out of Soviet-made airplanes from the fleet,” said Ilya Alexandrovsky, S7 Airlines’ Deputy CEO for Finance and Economics.