Transaero reverses losses in 1Q

Transaero Airlines 777-200. By Rob Finlayson Russian Transaero Airline (UN) reported first-quarter net income of RUB15 million ($508,000), reversed from a net loss of RUB381 million ($12.9 million) in the year-ago period. The airline said the results were due to more efficient aircraft that were...

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