TASHKENT, Uzbekistan, November 8. Uzbekistan Airways state airline has received 143.13 billion soums ($11.6 million) in profit from January through September 2023, Trend reports.
As per data provided by Uzbekistan’s National Agency for Advanced Projects (NAPP), the recorded number comprises 28 percent of the figure for the same period last year.
The volume of the carrier's assets decreased to 17.69 trillion soums ($1.43 billion), falling below the level of the beginning of the year. The main reason was a decrease in the cost of fixed assets due to depreciation.
On the other hand, the amount of the company's liabilities is gradually decreasing, having amounted to 10.13 trillion soums ($822.4 million) as of October 1 of 2023 (against 10.26 trillion soums of $833 million at the beginning of the year).
Overall, Uzbekistan Airways received 10.82 trillion soums ($878.5 million) of revenue from January through September 2023.
Compared to the same period last year, the airline's sales increased by a quarter. At the same time, the cost of services provision increased by 41 percent to 9.16 trillion soums, and the company's operating and administrative expenses exceeded the mark of 530 billion soums (with an increase of 22.5 percent).
Uzbekistan Airways operated approximately 3,200 flights only to domestic destinations in the first half of last year; more than 3,077 flights were operated over the same period in 2023.