Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Varig Posted A Profit!  
User currently offlineRCS763av From Colombia, joined Jun 2004, 4445 posts, RR: 11
Posted (11 years 6 months 4 days 14 hours ago) and read 1351 times:

RG has posted a Q3 profit. Did a search on the words Varig, Brasil, Brazil and RG and notihng came up, so here you go:


"Brazil's flagship airline, Varig, on Friday posted its first quarterly profit in years as it carried more passengers.

Heavily-indebted Viacao Aerea Rio-Grandense (Varig) had a net profit of BRL262 million reais (USD$95.8 million) in the third quarter, compared with a loss of 243 million (USD$88.8 million) in the same period of 2003.

Between January and September, it accumulated a loss of 305 million (USD$111.5 million), which is 43 percent lower that in the same months of last year.

Net revenues in the third quarter rose to 2 billion (USD$731 million) from 1.6 billion (USD$584.8 million) a year earlier, while in the first nine months of this year they totaled 6.2 billion (USD$2.27 billion), nearly 27 percent more than in the same time in 2003."....

- Reuters.

Nice to see Latin Airlines finally turning around after years of crisis!

4 replies: All unread, jump to last
User currently offlineAerorobnz From Rwanda, joined Feb 2001, 8312 posts, RR: 17
Reply 1, posted (11 years 6 months 4 days 13 hours ago) and read 1320 times:

that's very good news. I hope that this lasts for a while. I've always had a soft spot for RG. Am planning to fly them as part of RTW fare.

User currently offlinePPVRA From Brazil, joined Nov 2004, 9105 posts, RR: 37
Reply 2, posted (11 years 6 months 4 days 11 hours ago) and read 1267 times:

Indeed it's very nice news, however their crisis is far from over...they must pay a soon to INFRAERO (Brazilian airport agency) a sum of R$148 million to airport and landing fees or INFRAERO might sue them for the payments. Not to mention their 6-7 billion debt. But hey, things seem to be improving for them, let's keep our fingers crossed.

I sure want to keep seeing PP-VRA at GRU for a long time to come.  Big thumbs up


"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineKim777fan From United States of America, joined Aug 2004, 510 posts, RR: 1
Reply 3, posted (11 years 6 months 4 days 11 hours ago) and read 1263 times:

Didn't US Airways just post a quarterly profit just a very short while ago as well??

User currently offlineRCS763av From Colombia, joined Jun 2004, 4445 posts, RR: 11
Reply 4, posted (11 years 6 months 4 days 1 hour ago) and read 1190 times:

US poste a profit because it sold a bunch of parked 737s. RG posted a profit because of an increase in revenue.

PPVRA: RG could easily pay the infraero debt with this Q profit.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Alaska Airlines Posts Q2 $26.5M Profit posted Thu Jul 23 2009 08:12:50 by Pitintl
US Air 2nd Qtr Results: Net Profit Of $58 Mill. posted Thu Jul 23 2009 06:09:57 by IliriBDL
Jetblue Posts $20M 2nd Quarter Profit posted Thu Jul 23 2009 04:51:14 by Werdywerd
FL Posts $78.4M 2Q Profit, Forcasts Yearly Profit posted Wed Jul 22 2009 08:09:25 by Typhaerion
WN Post 2Q Profit, Announces Buyouts posted Tue Jul 21 2009 06:13:09 by Typhaerion
AF 300m+ Loss, KL 159m Profit posted Sat Jul 4 2009 09:35:30 by 76er
Questions Regarding Varig's Paris Stop on LHR-GIG.... posted Tue May 19 2009 12:55:37 by Varig_dc10
Turkish Airlines First Quarter Profit posted Sat May 16 2009 04:12:14 by TKfan
Virgin Atlantic FY Profit Approximately US$557 447 posted Fri May 15 2009 03:31:51 by SInGAPORE_AIR
Singapore Airlines Posts FY08/09 Profit Of US$725M posted Thu May 14 2009 04:30:20 by SInGAPORE_AIR