Higher fuel prices contribute to Aeroflot Group’s 41% net profit loss in 2017
March 01, 2018
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...
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.