News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

MOSCOW, Sept 1 — Russia’s flagship carrier Aeroflot yesterday posted steep losses in the second quarter after coronavirus travel restrictions caused a sharp reduction in flights. Aeroflot, a member of the SkyTeam alliance that includes Air France-KLM, is the leader in the Russian aviation...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: malaymail - 🏆 1. / 86 Read more »