Transaero 2012 net profit down 51%

Credit: By Rob Finlayson
Russia’s Transaero Airline reported 2012 full-year net profit RUB902 million ($28.7 million), down 51% compared to the year-ago period. Transaero said the results were due to the significant increase in fuel prices, social payments and taxes. Revenue rose 13% to RUB97.6 billion and traffic revenue...

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