Virus hits 2Q earnings of Russian carrier Aeroflot | Malay Mail

Aeroflot, a member of the SkyTeam alliance that includes Air France-KLM, is the leader in the Russian aviation sector. — AFP pic

The carrier said it suffered net losses of 35.8 billion rubles between April and June, compared with a net profit of 6.9 billion rubles in the same period last year. But since March, the pandemic has slashed ridership with an 88.8 per cent reduction in numbers from Q2 last year from 15.4 to 1.7 million passengers.

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Pandemic delivers rare earnings blow to Chinese banks | Malay MailSHANGHAI, Aug 31 — China’s “big four” banks have suffered a rare profit decline in the first half of the year, joining a growing body of financial institutions worldwide that have been hit by the coronavirus pandemic. Bad-loan provisions rose as the pandemic hammered Chinese business...
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