Russia’s Aeroflot Group reported a net loss of RUB6.49 billion ($89 million) for 2015, narrowed 62% from a RUB17.1 billion net loss in 2014. Full-year revenue rose 29.8% to RUB415.2 billion. Total operating costs in 2015 increased 20.3% to RUB371 billion. Operating lease expenses were RUB44.4 billion, up 86.4% year-over-year (YOY). Aircraft maintenance expenses grew 66.7% to RUB32 billion for the year and aircraft fuel costs increased 25% to RUB276.7 billion. “The challenging ...

Subscribe to Access this Entire Article

"Aeroflot Group narrows net loss to $89 million in 2015" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.