Russia’s Transaero Airlines has reported a 2014 net loss of RUB14.5 billion ($255 million). The company restated its 2013 financial results, reversed from a net profit of RUB788 million to a net loss of RUB13.3 billion currently (a $406 million difference, according to the exchange rates as of Dec. 31, 2013). The company did not explain the reason for the change. Full-year revenue for 2014 grew 7.8% to RUB113.7 billion. Operating expenses were down 2.4% year-over-year to RUB109.2 ...

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