Russia’s largest airline, Aeroflot, has bucked the trend of strong profits in the airline sector by reporting a loss of $88 million for 2015.
Despite posting a 13.4 percent rise in passenger numbers and holding the lion’s share of the domestic market, Aeroflot lost money for the second consecutive year, reporting a 6.49 billion ruble ($88 million) shortfall.
The company attributed the loss to Russia’s recession and the costs of taking on routes and staff from Transaero, which was Russia’s second-largest airline before it collapsed in October.
While Aeroflot said passenger numbers for domestic flights were up by almost a third, those for international flights dropped 6.2 percent as cash-strapped Russians opted against foreign holidays.
Many world airlines have posted strong profits for 2015, helped by low fuel costs.
Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...
Gulfstream Aerospace has enhanced the capabilities of its Customer Support Performance Analytics program, further strengthening its ability to transform aircraft data into actionable insight...
Gogo has unveiled its long-term vision for the Galileo connectivity platform at NBAA-BACE 2026, outlining a roadmap designed to enhance and protect customer investments well into the mid-2030s and bey...
In business aviation, exceptional service is defined by attention to detail, and few amenities reflect that more clearly than premium catering. At the intersection of hospitality and private aviation,...
