Aeroflot Group has recorded a sharp fall in interim pre-tax profits, down more than 80% to Rb2.1 billion ($35 million) for the first half.
The Russian company states that, under local accounting standards, its net profit fell by almost 90% to Rb872 million.
Aeroflot Group revenues increased by 2% to Rb198 billion over the six-month period. But cost of sales rose more rapidly, up 7.5% to Rb188 billion.
The company transported just under 23 million passengers – an increase of 16.6% – including 15.2 million on primary carrier Aeroflot.
Group traffic rose by 18.8%, the company states, with a two point rise in passenger load factor to 80.6%.
Aeroflot Group had a fleet of 298 aircraft at the end of June 2017 of which 199 were with Aeroflot itself.
Source: Cirium Dashboard
