Aeroflot 2018 net profit drops 75% on fuel costs, currency depreciation

Polina Montag-Girmes March 05, 2019
Credit: Rob Finlayson
Russia’s Aeroflot Group reported a RUB5.7 billion ($82 million) net profit for 2018, down 75% from RUB23 billion in 2017—a decline the group attributed to higher fuel prices and foreign exchange losses. “The most significant factor affecting the group’s financial results for 2018 was the...
Polina Montag-Girmes

Polina joined the Air Transport World team in 2011, covering Russian and the Commonwealth of Independent States. She studied journalism at Moscow State University and worked as a journalist for Russian business and airline publications since 2000.

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