During 2011 passenger revenues exceeded US$ 736 million, with year-on-year increase of 18%. The key factors contributing to the stable growth of the Company’s revenues include: the rapid development of the regional and Asian network and continued economic growth of these destinations, a diversified distribution network, and arrangements and programmes aimed at increasing customer loyalty and recognition of our brand. The growth was further contributed to by offline sales, which grew 15% in 2011 on the strong base of 2010 which in turn had grown by 19%.