Aeroflot Group has significantly reduced losses in the second quarter and during the first six months, it reported on August 2. The Russian airline group posted a RUB 1.431 billion Q2 loss, which compares to a RUB 26.156 billion loss…
Despite the continued impact of the pandemic on its operations, Russian flag carrier Aeroflot’s domestic air travel has returned to almost 2020 levels in the first quarter of 2021. As a result, the airline’s losses have been reduced, it said on…
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…
If anything is difficult in today’s airline market it is predicting how the industry will recover from the Covid-19 crisis and return to growth. Then there are always targets at which to aim for and this is exactly what Russia’s…