Russia’s UTair Airline reported a 2014 net loss of RUB61.66 billion ($1.09 billion), deepening its annual net loss by RUB57.15 billion. Consolidated financial statements of the carrier and its subsidiaries for the year ended Dec. 31, 2014, made in accordance with International Financial Reporting Standards (IFRS), were approved and signed by management on Oct. 30, 2015. Revenue fell 7.6% year-over-year (YOY) to RUB76.6 billion. Operating expenses increased 7.9% YOY to RUB87.4 ...

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