Moskva Avia IPO II : Kyiv Bugaloo!

#1

Happy New Year! Since many of us are hung over (or still possibly drunk) and prone to making bad decisions…I am placing Moskva Avia Ukraina on the Market.

This airline is designed to protect my southern flank from Akian Ukraine and free up DME slots (very, very full…in fact I just bought 6 748-I…) instead of flying directly to Ukrainian cities. I have over 300 flights per week to KBP from Moscow (DME, VKO, and SVO).

It is reasonably profitable, and will continue to grow until it reaches critical mass in KBP at which point profits will be reinvested into the airline to buy airplanes which will in turn provide more profit to prospectove shareholders.

Cheers!

Transport statistics

Calendar week 1/2014 52/2013 51/2013 50/2013

Airports served 70 68 (+1.49%) 67 (0.00%) 67 (0.00%)

Operated flights 870 2,145 (+0.05%) 2,144 (+1.04%) 2,122 (+0.38%)

Total revenue 10,157,799 AS$ 24,117,832 AS$ (+19.13%) 20,245,806 AS$ (+10.46%) 18,328,121 AS$ (+3.63%)

Revenue per flight 11,676 AS$ 11,244 AS$ (+19.07%) 9,443 AS$ (+9.33%) 8,637 AS$ (+3.24%)

Passengers

Revenue from passenger transport 10,094,550 AS$ 23,963,678 AS$ (+19.25%) 20,096,152 AS$ (+10.55%) 18,178,416 AS$ (+3.64%)

Seats offered 60,200 147,978 (+0.20%) 147,678 (+0.55%) 146,870 (+0.54%)

Passengers transported 51,481 122,454 (-1.94%) 124,873 (+4.89%) 119,046 (+2.29%)

Seat Load Factor (SLF) 85.52% 82.75% (-2.14%) 84.56% (+4.32%) 81.06% (+1.74%)

Seat kilometer offered (SKO) 65,059,207 159,470,460 (-3.99%) 166,098,368 (-1.17%) 168,059,289 (+2.63%)

Seat kilometer transported (SKT) 56,125,471 134,507,482 (-1.41%) 136,431,941 (+6.17%) 128,504,305 (+5.50%)

Revenue per passenger 196 AS$ 196 AS$ (+21.60%) 161 AS$ (+5.39%) 153 AS$ (+1.32%)

Cargo

Revenue from cargo transport 63,249 AS$ 154,154 AS$ (+3.01%) 149,654 AS$ (-0.03%) 149,705 AS$ (+2.05%)

Units offered 660 1,614 (+2.48%) 1,575 (+0.19%) 1,572 (+1.16%)

Cargo transported 609 1,483 (+1.85%) 1,456 (+0.34%) 1,451 (+0.21%)

Cargo load factor 92.27% 91.88% (-0.61%) 92.44% (+0.15%) 92.30% (-0.94%)

Freight kilometer offered (FKO) 1,064,715 2,598,888 (+2.94%) 2,524,542 (-0.97%) 2,549,199 (+4.40%)

Freight kilometer transported (FKT) 1,015,559 2,469,593 (+3.84%) 2,378,227 (-0.88%) 2,399,294 (+4.15%)

Revenue per cargo unit 104 AS$ 104 AS$ (+1.13%) 103 AS$ (-0.38%) 103 AS$ (+1.84%)

Profit and loss statement

Period: current week last week week before last Change Total

Earnings

Passenger revenue 11,021,138 AS$ 23,428,408 AS$ 19,403,549 AS$ +21% 53,853,096 AS$

Cargo revenue 70,225 AS$ 151,776 AS$ 145,387 AS$ +4% 367,388 AS$

Passenger handling revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Cargo logistic revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Leasing revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Miscellaneous revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Interest revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Dividend revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Stock trade revenue 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Total: 11,091,363 AS$ 23,580,184 AS$ 19,548,936 AS$ +21% 54,220,484 AS$

Expenses

Fuel 2,233,399 AS$ 4,748,165 AS$ 4,447,795 AS$ -7% 11,429,359 AS$

Passenger handling fees 619,025 AS$ 1,313,763 AS$ 1,342,605 AS$ +2% 3,275,393 AS$

Aircraft handling fees 163,175 AS$ 359,068 AS$ 356,580 AS$ -1% 878,823 AS$

On-board services 773,765 AS$ 1,614,437 AS$ 1,482,071 AS$ -9% 3,870,274 AS$

Cargo logistics fees 16,925 AS$ 36,450 AS$ 35,275 AS$ -3% 88,650 AS$

Maintenance 910,968 AS$ 2,028,074 AS$ 2,002,587 AS$ -1% 4,941,629 AS$

Salaries 0 AS$ 1,932,387 AS$ 1,904,109 AS$ -1% 3,836,496 AS$

Training 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Severance pay 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Depreciation of buildings 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Depreciation of flight equipment 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Leasing installments 3,437,303 AS$ 5,162,643 AS$ 5,162,643 AS$ 0% 13,762,590 AS$

Airport landing fees 63,783 AS$ 140,095 AS$ 138,145 AS$ -1% 342,023 AS$

Air traffic control fees 343,364 AS$ 756,120 AS$ 749,156 AS$ -1% 1,848,641 AS$

Marketing 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Insurance premiums 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Miscellaneous expenses 41,417 AS$ 12,290 AS$ 0 AS$ -100% 53,708 AS$

Stock trade losses 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Interest expenditure 0 AS$ 0 AS$ 0 AS$ 0% 0 AS$

Total: 8,603,125 AS$ 18,103,492 AS$ 17,620,967 AS$ -3% 44,327,584 AS$

Total

profit/loss: 2,488,238 AS$ 5,476,692 AS$ 1,927,969 AS$ +184% 9,892,900 AS$