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...

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