Russia's Aeroflot warns fuel prices to cost it $732m in 2018

Aeroflot estimates rising fuel prices will cost it 48b roubles ($732.37m) for 2018, Russia’s largest airline said Monday. Fuel prices have risen at Russian airports along with global oil prices since mid-2017, peaking in the summer. Aeroflot’s standalone net profit under local accounting rules plunged 10-fold to 2.796b roubles, while fuel expenses surged by 41.75b roubles, or 47.7%, the airline said. “The consolidated results are expected to show an even greater impact of the increase in jet-fuel prices, estimated at 48b roubles for 2018," Aeroflot said.<br/>