Losses of Aeroflot reached 79 billion rubles
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Losses of Aeroflot reached 79 billion rubles

1 December 2020, 15:02Business
Net loss of Aeroflot airline according to international financial reporting standards at the end of the third quarter reached 79.4 billion rubles, according to a press release on the company's website.

By this time, a year earlier, the company's net profit was 20.3 billion rubles.

For nine months of this year, the company's revenue fell by more than half (by 55.3%) - to 234.2 billion rubles. During this time, the airline carried 23.1 million passengers, which is 50.7% less than in the same period last year. At the same time, the company's revenue from regular transportation decreased by 5 8.4% - to 179.3 billion rubles, while revenue from freight traffic increased by more than a quarter - to 17.1 billion rubles.

"On the operating results of the reporting period has affected the dynamics of demand and significant restrictions on flights associated with the spread of the coronavirus in the world" - is listed in the report. Most fell in international transport, which is associated with the closing of the borders in March this year. "The suspension of international flights also affected domestic flights, as there were no transfer flights connecting the Russian regions with Moscow, from where most of the flights abroad are carried out", - the airline representative added.

Earlier it was noted that the group of airlines "Aeroflot", which also includes the airlines "Aurora", "Pobeda" and "Russia", has cut transportation by almost half, the "Aeroflot" itself has reduced flights by 60%. Sberbank CEO German Gref said the airline was barely able to service its debts.

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