News / Revenues soar 40% and steer Volga-Dnepr Group into clearer skies

ABC celebrates 10 years of serving Zhengzhou

Volga-Dnepr is out of the woods of potential bankruptcy and is now sitting on a “huge pile of cash”.

Yesterday it said its half-year revenues across the three airlines in the group, Volga-Dnepr, AirBridgeCargo (ABC) and Atran, was more than 40% up on a year ago.

The revenue increase comes despite a drop in tonnage – which the group claimed was 18% down in the wider market, while freight tonne km (FTK) were 19% lower – but Volga-Dnepr saw just a 5% ...