Aeroflot Group profits fall sharply in first half
Aeroflot Group has recorded a sharp fall in interim pre-tax profits, down more than 80% to Rb2.1b (US$35m) for the first half. The company states that, under local accounting standards, its net profit fell by almost 90% to Rb872m. Aeroflot Group revenues increased by 2% to Rb198b over the 6-month period. But cost of sales rose more rapidly, up 7.5% to Rb188b. The company transported just under 23m passengers – an increase of 16.6% – including 15.2m on primary carrier Aeroflot. Group traffic rose by 18.8%, the company states, with a 2 point rise in passenger load factor to 80.6%. Aeroflot Group had a fleet of 298 aircraft at the end of June 2017 of which 199 were with Aeroflot itself. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-16/sky/aeroflot-group-profits-fall-sharply-in-first-half
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Aeroflot Group profits fall sharply in first half
Aeroflot Group has recorded a sharp fall in interim pre-tax profits, down more than 80% to Rb2.1b (US$35m) for the first half. The company states that, under local accounting standards, its net profit fell by almost 90% to Rb872m. Aeroflot Group revenues increased by 2% to Rb198b over the 6-month period. But cost of sales rose more rapidly, up 7.5% to Rb188b. The company transported just under 23m passengers – an increase of 16.6% – including 15.2m on primary carrier Aeroflot. Group traffic rose by 18.8%, the company states, with a 2 point rise in passenger load factor to 80.6%. Aeroflot Group had a fleet of 298 aircraft at the end of June 2017 of which 199 were with Aeroflot itself. <br/>
