Aeroflot narrows Q2 net loss thanks to domestic traffic

Aeroflot narrowed its Q2 net loss by 92.8%, year-on-year, as new bookings and domestic flights supported passenger traffic recovery. Aeroflot reported a quarterly net loss of 2.59b roubles ($35.23m) on Monday, compared with a loss of 35.79b roubles in the same period last year. Russian airline traffic has been recovering after a sharp fall last year, although it is still below pre-pandemic levels. Domestic flights have seen growth as the country has eased coronavirus-related travel curbs, though international traffic is still restricted. Aeroflot’s EBITDA was 33.88b roubles, compared with negative 1.96b roubles a year ago. The carrier’s passenger traffic rose 6.5 times to 11.2m. In July, Aeroflot CEO Mikhail Poluboyarinov said the group expected its passenger traffic to rise more than 55% this year to 47m people. In 2020, the airline transported only 30.2m people and reported a net loss of more than 123b roubles, its worst result in at least a decade.<br/>