Aeroflot's first-half 2008 profit calculated under IFRS dropped 55% year-over-year to $72.2 million, according to an SU statement cited by press reports from Moscow. Last month it said profit under Russian accounting standards fell 29.7% to RUB2.25 billion ($85.9 million) on a 39.4% rise in revenue. Deputy DG-Finance and Planning Mikhail Poluboyarinov said full-year earnings may plunge nearly 67% to $80-$85 million, according to RIA Novosti. "We forecast that [traffic] will shrink. It can't ...

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