Volga-Dnepr revenue, tonnage rise substantially
Russian air cargo group Volga-Dnepr Airlines on Friday reported that its revenue rose 75 percent and tonnage 51 percent in the first three quarters of 2008, though the company did not release costs or profits for the period.
The group includes heavy cargo charter specialist Volga-Dnepr and AirBridgeCargo Airlines, which provides scheduled Boeing 747 operations. Through September, revenue rose to $1.2 billion, a 75 percent increase over the same period in 2007, while volume jumped to 210,000 tons.
Revenue from charter services rose 80 percent, to $882.9 million, while ABC Airlines revenue grew 68 percent to $344.1 million.