Higher fuel prices contribute to Aeroflot Group’s 41% net profit loss in 2017

Credit: Rob Finlayson

Aeroflot Group reported a 2017 net income of RUB23 billion ($399 million), down 41% from RUB38.8 billion for 2016, which the Russian flag carrier attributed to higher oil prices and foreign exchange losses. Revenue for the year grew 7.5% year-over-year (YOY) to RUB532.9 billion. Operating profit...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.