Aeroflot reports 66% profit drop in 2012

Credit: Aeroflot Airbus A330-300
Russia’s Aeroflot reported 2012 net income of $166 million, down 66% from the year-ago period. The carrier said the profit drop was due to 2011 share sales in several subsidiaries, including Moscow Insurance Co., Nordavia Airline and Sheremetyevo Refueling Complex, among others. Also, in 2012...
Polina Montag-Girmes

Polina joined the Air Transport World team in 2011, covering Russian and the Commonwealth of Independent States. She studied journalism at Moscow State University and worked as a journalist for Russian business and airline publications since 2000.

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