Reading Time: < 1 minute Russia’s Utair Group suffered a 5.211 billion rubles loss in the first half of this year, almost doubling its losses over the same period of last year, according to the organisation’s International Financial Reporting Standards (IFRS) half-year report. In the passenger segment, the losses increased by 20.2 per cent to 2.543 billion rubles, whereas its […]

Reading Time: < 1 minute Russian flag carrier Aeroflot has reported its net profit for the first half of 2017 at 872 million rubles ($14.4 million) according to the national accounting practices. The figure is 9.2 times less than for the same period last year. In the first six months of the year the airline’s income increased 2.1% year-on-year to […]

Reading Time: 2 minutes In the first quarter of 2016, the operating losses of major Russia airlines amounted to RUB 24 billion ($376 million), the Kommersant reported referring to the Association of Air Transport Operators (AATO). AATO President Vladimir Tasun informed the paper that the biggest air carriers of Russia posted losses amounting to RUB 25.6 billion in the […]