Russia’s Utair reports 2018 net loss on fuel costs, staff shortages

Polina Montag-Girmes May 01, 2019
Credit: Rob Finlayson
Russia’s Utair Aviation posted a net loss of RUB22 billion ($316.7 million) for 2018, reversed from a RUB2.4 billion net profit in the previous year. Revenue grew 10% year-over-year (YOY) to RUB83.6 billion. Operating costs reached RUB78.8 billion, a 15.5% YOY increase; operating profit was down 36...
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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