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Aeroflot posts $56 mln net profit for January-March

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MOSCOW, May 15 (RIA Novosti) - Aeroflot [RTS: AFLT] posted net profit of 1.34 billion rubles ($56 million) in January-March calculated to Russian Accounting Standards, Russia's leading air carrier said on Thursday.

In the same period of last year, Aeroflot incurred a net loss of 1.15 billion rubles ($48.2 million).

The company's net profit in the last three months of 2007 was 260 million rubles ($10.9 million).

Aeroflot flies to 96 destinations in 49 countries worldwide and operates 302 flights daily. The company holds a 45% market share of regular international flights to and from Russia. It is rapidly increasing its share in domestic flights, which is currently at 12.5%, or 17% including subsidiaries.

The Russian government holds 51% in Aeroflot.

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