Russia’s Utair 2017 net profit down 55.4%

Credit: Rob Finlayson
Russia’s Utair Aviation reported 2017 annual net income of RUB 2.4 billion ($42.2 million), down 55.4% from a RUB5.5 billion in the year-ago period. Revenue for the year rose 0.5% to RUB75.8 billion year-over-year (YOY), while operating profit grew 27% YOY to RUB7.6 billion. The results were...
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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