Russia’s Aeroflot Group has reported a 2013 full-year net income RUB7.334 billion ($203.3 million), up 41.9% compared to a year ago. The results are published according to International Financial Reporting Standards. Revenue rose 15% to RUB290.95 billion. The results were driven primarily by an 18% increase in passenger revenue. Revenue from cargo services fell 13.5% because of Aeroflot’s decision to ground its cargo fleet. Fuel costs rose 11.2% year-over-year to RUB79.1 billion ...
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