Aeroflot net loss: 95.5 billion rubles

Aeroflot net loss: 95.5 billion rubles

Russia’s Aeroflot Group recorded a RUB-95.527 billion net loss for the fiscal year 2020, down from a RUB 5.287 billion profit in 2019. This includes the effect of large-scale (fixed) cost reductions, optimization measures, and capacity cuts. Cargo operations partly...