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 36.8% YOY to RUB4.8 billion. The results reflected fuel cost growth, flight staff shortages and the deprecation of the national currency, Utair said in a statement. The carrier’s ...

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