Russia’s UTair reports net income of $31.2 million in 2015
Credit: Rob Finlayson
Russia’s UTair Airline has reported a 2015 net income of RUB2.27 billion ($31 million), reversed from a net loss of RUB61.66 billion in 2014. Full-year revenue fell 8.2% to RUB70.3 billion. The carrier cited optimizing route network, cutting surplus fleet and lowering expenses for the results, which...
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