S7 Group Group of Companies S7

Aktivs

S7 Group is a Russian holding, which for 2018 includes ten companies:

• S7 Airlines,
• S7 Tour,
• Globe ,
• S7 Ticket,
• S7 Technics
• S7 Space et al.

In 2015, the group mentioned:

• Siberia Airlines is a large Russian air carrier operating under the S7 Airlines brand.
• Globus Airlines is a subsidiary of S7 Airlines.
• S7 Charter is a subsidiary charter carrier of S7 Airlines.
• S7 Tour is a travel agency.
• S7 Ticket is an airline ticket sales agency.
• Service service at S7 Service airports.
• S7 Engineering Aircraft Maintenance Service.
• S7 Cargo freight service.
• Sibir Technics Aircraft Maintenance and Repair Center.
• Aviation Training Center S7 Training.

Performance indicators

2023: Making record net profit - ₽37 billion

Net profit of CJSC S7 Group of Companies in 2023 reached ₽37 billion, which is a record figure in the history of the company. Data on the financial results of the parent company of the air carrier S7 Airlines were published on December 2, 2024, according to information from the Kontur.Focus database.

The main profit growth was provided by income from participation in other organizations. Positive dynamics can be traced from 2021, when net profit was ₽3,5 billion, in 2022 the figure increased to ₽16,7 billion, and then more than doubled. In 2020, the company ended its fiscal year with losses.

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S7 Airlines

Siberia Airlines JSC, the main operating enterprise of the S7 Group, in 2022 received a net profit of ₽34,2 billion with revenue of ₽151,5 billion. As of 2018, the owner of 100% of the shares of JSC was CJSC C7 Group of Companies, which is confirmed by data from the Kontur. Focus database.

The general director of the S7 holding Dmitry Kudelkin noted the positive dynamics of passenger traffic - in the eight months of 2023, the company transported 4.9% more passengers compared to the same period in 2022.

Experts attribute the sharp increase in the airline's profits in 2022-2023 to the suspension of leasing payments for aircraft after the imposition of sanctions. In the S7 fleet there are more than 80 aircraft manufactured by Boeing and Airbus of different years of production. The average cost of one aircraft is $250 million (about ₽22,5 billion).

When distributing the cost of an aircraft for 20 years, excluding interest and insurance, the annual lease payment for one aircraft should be $12.5 million (over ₽1,1 billion). The suspension of these payments significantly affected the financial performance of the company. For comparison, the group's net profit is comparable to 44.5% of the planned budget revenues of Novosibirsk for 2024, amounting to ₽83,2 billion.^[1]

History

2022: Tatyana Fileva left the post of CEO of S7 ahead of schedule and left Russia

In October 2022, it became known that the co-owner of S7 Group [[alo known about the appointment Tatyana Fileva left the post of general director of the airline ahead of schedule and left the country.

2021

Tatyana Fileva - the new CEO of S7 Group

In mid-October 2021, it became known about the appointment of Tatyana Fileva, the daughter of the founders of S7 Group Vladislav and Natalia Filev, to the post of general director of the group. In this position, she will replace Anton Eremin, who worked in the structures of the aviation group for more than 20 years. Read more here.

S7 creates its own low-cost airline

On September 23, 2021, S7 Group announced the name of its low-cost airline - Citrus. The new company is expected to be able to serve about 1 million passengers in the first year, and from 2024 passenger traffic will grow to 6-7 million people. Read more here.