In the first year-half, Uzbekistan Airways’ profit increased by 5.4 times to the same period last year, the company said in a report. The company's assets grew to 18.6 trillion soums, which is 1% more than the figure for the H1 of 2023.

The carrier's revenues increased by 12.9% to 7.6 trillion soums year-on-year, equity capital - to 8 trillion soums (+ 5.8%).

Revenues in soums increased from 7.3 trillion to 8.1 trillion soums, but in dollars it decreased from 664.7 million to 645.9 million dollars.

Revenues from regular transportation increased from 6.2 trillion to 7.04 trillion soums, from irregular transportation — from 503.4 billion to 531.4 billion soums. In dollar equivalent, these figures also decreased.

Other revenues almost doubled — from 89.3 billion to 172.3 billion soums.

The company's net profit for January-June topped 269 billion soums, which is 440.8% more than in the same period in 2023 (49.7 billion soums).

The main factor in the record profit growth was the reduction in financial expenses — this figure decreased from 1.2 trillion to 552.4 billion soums, according to the investment company KAP DEPO.

Expenses in soums increased from 7.3 trillion to 7.8 trillion soums, but in dollars decreased from 659.3 million to 620.6 million dollars.

Expenses from lower USD to soum exchange rate decreased from 748.9 billion to 391.5 billion soums, and income from the higher USD to soum exchange rate differences decreased from 512.3 billion to 268.9 billion soums.

The company's retained earnings in Q1 topped 118.2 billion soums (an increase of 2.3 times). In the reelevant period of 2023, the uncovered loss reached 149.9 billion soums.

In annual terms, long-term bank loans decreased from 8 trillion to 7.1 trillion soums.

During the pandemic year of 2020, the airline ranked second among state-owned companies in terms of losses on 755.7 billion soums of loss.

Last year, Uzbekistan Airways carried more than 5 million passengers.