Aeroflot Group posts US$2m net loss in Q1 2018
Aeroflot Group reported a 2018 Q1 net loss of RUB11.5b (US$2m), nearly doubled from a year-ago period. Revenue for the quarter was RUB111.9b, up 8.5% year-over-year. “This is the first time that Aeroflot Group has published its consolidated IFRS financial results for the first quarter of the year. This has been made possible by the company’s focus on improving its internal accounting systems with the goal of accelerating the closing of the accounting period and submitting its financial reporting,” Aeroflot deputy CE for commerce and finance Shamil Kurmashov said. In Q1 Aeroflot Group carried nearly 11m passengers, up 6.6% YOY. Domestic traffic reached 6.1m, up 6.5% YOY, and international traffic increased 6.8% to 4.9m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-31/sky/aeroflot-group-posts-us-2m-net-loss-in-q1-2018
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Aeroflot Group posts US$2m net loss in Q1 2018
Aeroflot Group reported a 2018 Q1 net loss of RUB11.5b (US$2m), nearly doubled from a year-ago period. Revenue for the quarter was RUB111.9b, up 8.5% year-over-year. “This is the first time that Aeroflot Group has published its consolidated IFRS financial results for the first quarter of the year. This has been made possible by the company’s focus on improving its internal accounting systems with the goal of accelerating the closing of the accounting period and submitting its financial reporting,” Aeroflot deputy CE for commerce and finance Shamil Kurmashov said. In Q1 Aeroflot Group carried nearly 11m passengers, up 6.6% YOY. Domestic traffic reached 6.1m, up 6.5% YOY, and international traffic increased 6.8% to 4.9m. <br/>
