UTair’s 1H net profit drops 63%

Russia’s UTair Group, which includes UTair airline (UT), reported a first-half profit of $8.73 million, down 63% from a $23.6 million profit in the year-ago period. Revenue rose 32.5% to $989.8 million while expenses increased 31% to $941.2 million. First-half traffic rose more than 40% in the year...

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