Azimuth Airlines

Azimut Airline is an air carrier of the South of Russia based at Platov Airport.

Azimuth has a fleet of aircraft consisting of SSJ-100 aircraft. The airline has its own highly qualified aviation personnel.

Performance indicators

2024: Revenue growth 14% to ₽29,18 billion

Azimut Airlines increased revenue by 14% to ₽29,18 billion at the end of 2024, while the carrier's net profit decreased by 2.8 times and amounted to ₽729,2 million. This is evidenced by the data of the financial statements of the company, published on April 24, 2025.

According to RBC, in 2023 the net profit of the air carrier was about ₽2,08 billion. The company's business expenses during the reporting period increased from ₽341,2 million to ₽384,7 million, while management expenses decreased from ₽533 million to ₽475,6 million.

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Фото: Azimuth Airlines

During 2024, Azimut increased accounts payable by 1.6 times - up to ₽8,79 billion. At the same time, receivables increased more than 2 times and amounted to ₽7,3 billion at the beginning of 2025.

A significant event for the airline in 2024 was the signing of an investment agreement with the government Rostov region construction on a hangar complex for servicing aircraft at the Rostov airport. "Platov" The cost of this infrastructure project is estimated at ₽1,07 billion.

During the summer navigation of 2024, the airline flew from Mineralnye Vody to 28 destinations. Of these, 11 international flights connected the Russian resort city with Aktau, Almaty, Antalya, Baku, Ganja, Dubai, Yerevan, Samarkand, Istanbul, Tashkent and Tbilisi. The domestic route network included 17 directions: Astrakhan, Kaluga, Kemerovo, Kirov, Nizhnevartovsk, Nizhnekamsk, Omsk, Penza, Perm, Samara, St. Petersburg, Saransk, Saratov, Sochi, Ufa, Chelyabinsk and Yaroslavl.

In total, in 2024, Azimut opened 6 new destinations from Mineralnye Vody International Airport - Kemerovo, Ivanovo, Khanty-Mansiysk, Kirov, Cheboksary and Ganja.

According to Mikhail Tikhonov, General Director of Regional Development Corporation JSC, Azimut Airlines plans to acquire two more aircraft in 2025. As of April 2024, the carrier's air fleet totaled 19 aircraft.^[1]

2023: Revenue - 25.49 billion rubles, passenger traffic - 2.3 million people (+ 21 %)

Azimut's revenue at the end of 2023 reached a record 25.49 billion rubles against 21.61 billion rubles a year earlier. The carrier's net profit during this time decreased from 3.8 billion to 2.1 billion rubles. This is evidenced by the data of the Kontur. Focus service, which TAdviser got acquainted with in November 2024.

Azimuth transported more than 2.3 million passengers in 2023, which is 21% more than in 2022. The transport company carried out 25.8 thousand flights with a total operating time of 57 thousand hours. The load factor of passenger seats reached 91.5%, exceeding the previous level by 3.9%. The logistics of mail goods showed threefold growth, which indicates the diversification of transport services.

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Фото: Freepik

The company's air fleet expanded to twenty Superjet 100 airliners with an average operating life of 5.5 years. The main transport hubs are Platov air terminals in Rostov-on-Don.

The airline's production costs in 2023 increased by 41% to ₽26,5 billion. Sales expenses increased by 26.7% to ₽341 million, administrative costs - 1.5 times to ₽533 million. Other revenues of the company increased 1.9 times, reaching ₽9,01 billion.

Debts to creditors increased to ₽5,27 billion, the receivable position reached ₽3,61 billion. The development strategy for 2024 provides for an increase in the route network to 91 directions, including new interregional and international routes. Profit before tax amounted to ₽2,73 billion, which reflects the general trend towards optimization of financial indicators in the context of expansion of operations.^[2]

History

2022: Admission to foreign flights

On March 21, 2022, Azimut Airlines received admission to operate flights to the UAE, Turkey, Egypt, Israel, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. At this time, flights of many Russian airlines operated on foreign aircraft were blocked against the backdrop of a special operation by the Russian Armed Forces in Ukraine.

Notes