Russia’s Utair reports 2018 net loss on fuel costs, staff shortages

Credit: Rob Finlayson
Russia’s Utair Aviation posted a net loss of RUB22 billion ($316.7 million) for 2018, reversed from a RUB2.4 billion net profit in the previous year. Revenue grew 10% year-over-year (YOY) to RUB83.6 billion. Operating costs reached RUB78.8 billion, a 15.5% YOY increase; operating profit was down 36...
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.

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.