Aeroflot suffers loss despite strong year for airline sector
Aeroflot has bucked the trend of strong profits in the airline sector by reporting a loss of US$88m for 2015. Despite posting a 13.4% rise in passenger numbers and holding the lion's share of the domestic market, Aeroflot lost money for the second consecutive year, reporting a RUB6.49b ($88m) shortfall. The company attributed the loss to Russia's recession and the costs of taking on routes and staff from Transaero, which was Russia's second-largest airline before it collapsed in October. While Aeroflot said passenger numbers for domestic flights were up by almost a third, those for international flights dropped 6.2% as cash-strapped Russians opted against foreign holidays. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-02/sky/aeroflot-suffers-loss-despite-strong-year-for-airline-sector
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Aeroflot suffers loss despite strong year for airline sector
Aeroflot has bucked the trend of strong profits in the airline sector by reporting a loss of US$88m for 2015. Despite posting a 13.4% rise in passenger numbers and holding the lion's share of the domestic market, Aeroflot lost money for the second consecutive year, reporting a RUB6.49b ($88m) shortfall. The company attributed the loss to Russia's recession and the costs of taking on routes and staff from Transaero, which was Russia's second-largest airline before it collapsed in October. While Aeroflot said passenger numbers for domestic flights were up by almost a third, those for international flights dropped 6.2% as cash-strapped Russians opted against foreign holidays. <br/>
