Costs of Additional Aircraft and Rising Pilots’ Salaries Double Aeroflot Losses
2018-06-15Reading Time: 3 minutes Net losses at Russia’s Aeroflot Group, which is made up of Aeroflot, Rossiya, low-cost carrier Pobeda and Aurora, more than doubled in the first quarter of this year. The deficit amounted to RUB 11.5 billion (US$195 million) in the period, mainly as a result of a significant fleet expansion programme and increases in pilots’ salaries, […]