Aeroflot Profits To Narrow As Fuel, Il-96 Grounding Take Toll
Aeroflot expects profits to narrow in fiscal 2005, as the airline suffers from higher fuel expenses and the grounding of its Ilyushin Il-96 fleet. In the first six months of the year, sales were up from $879 million to $1.04 billion, but net profit fell 17% to $69 million. Deputy Director General...
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