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Azur air

Company

Revenue and Net Profit millions Ths. rub

Performance indicators

2023: Revenue reduction by 15% to RUB 27.12 billion

According to the results of work in 2023, Azur Air recorded revenue in the amount of 27.12 billion rubles against 31.88 billion rubles a year earlier (a drop of 15%). This is evidenced by the data of the Kontur. Focus service, which TAdviser got acquainted with in December 2024.

According to these materials, in 2023, the net profit of Azur Air LLC amounted to 17.3 million rubles, which is significantly less than the profit a year ago (934.9 million rubles). Gross profit in 2023 reached 3.15 billion rubles, while in 2022 such a loss was measured at 1.45 billion rubles. Profit from sales in 2023 turned out to be equal to 2.68 billion rubles against 1.9 billion rubles of loss from sales in 2022.

Azur Air's revenue for the year decreased by 15%

The cost of sales of Azur Air in 2023 decreased from 33.33 billion to 24.03 billion rubles. During this time, the company's management expenses increased from 450.8 million to 470.6 million rubles.

According to the Kontur. Focus service, in 2023, the airline's receivables doubled and exceeded 20 billion rubles. Accounts payable also increased - from 16.49 billion to 23.13 billion rubles.

Azur Air did not publish its 2023 operating results. The company only predicted passenger traffic at 2.3 million people, which is about 10% more than in 2022. The head of the air carrier Evgeny Korolyov noted that the route network can adapt to the needs of our tour partners, the airline is ready to consider any available international destinations.

The Azur Air website says that in 2023 the airline completed 20% more heavy forms of periodic aircraft maintenance than a year earlier. This number includes both work on its own liners and forms carried out on aircraft of third-party customer airlines. The total volume of aircraft maintenance work performed by specialists of the airline's technical department increased by 13% year-on-year.