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Adjusted loss of Aeroflot Group for 1H2023 down by 26% yoy to $209 mln — airline

"Over the past year, the company have managed to largely stabilize the business, ensure the continuity of operations and production processes, including the operation and maintenance of aircraft," First Deputy CEO for Commerce and Finance of Aeroflot Andrey Chikhanchin said

MOSCOW, August 29. /TASS/. The adjusted loss of the Aeroflot Group under international financial reporting standards (IFRS) for the first half of 2023 decreased by 26.1% year-on-year to 20 billion rubles ($209 mln), the airline said in a statement.

The adjusted loss for the second quarter decreased by 11% to 6.7 bln rubles ($69 mln).

"After a forced annual break, we are resuming the publication of consolidated financial results under the IFRS," said Andrey Chikhanchin, First Deputy CEO for Commerce and Finance of Aeroflot.

"Over the past year, we have managed to largely stabilize the business, ensure the continuity of operations and production processes, including the operation and maintenance of aircraft," he added.

The Group's revenue in the first half of the year increased by 40% to 252 billion rubles ($2.6 bln), in the second quarter - by 72.2% to 140 billion rubles ($1.5 bln)

"Revenue from regular passenger traffic [in the first half of the year] increased by 49% year-on-year and amounted to 231.492 billion rubles ($2.4 bln), which is attributed to an increase in passenger traffic. Revenue from freight traffic increased by 14.7% year-on-year to 10.991 billion rubles ($114 mln) amid an increase in the volume of cargo and mail transportation by 10.7%," Chikhanchin added.

The company's net loss for the reporting period amounted to 102 billion rubles ($1.06 bln) against a profit of 73 billion rubles ($761 mln) a year earlier.

As for the passenger traffic, according to the executive, the group has now restored the indicators of transportation on domestic flights, on international flights - it operates flights to almost 70 countries. That means that in the first half of the year Aeroflot Group carried almost 21 million passengers (+22% year-on-year).

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NATO growing more inclined to freeze Ukraine conflict — Russia’s SVR

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Georgian Police pushes protesters from entire Rustaveli Avenue in Tbilisi

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Putin believes that US President-elect Trump’s life may be in danger

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Lavrov clarifies Russia's position on Ukraine crisis to foreign diplomats — MFA

"Participants in the roundtable exchanged views on the conflict and other pressing international topics," the ministry stated

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NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

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Western analysts describe Russia's Oreshnik as longest-range weapon ever used in Europe

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Ukrainian group of 22 servicemen surrenders in Kursk Region — law enforcement officials

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Biden's decision on ATACMS 'not panacea', it will harm Kiev — Defense News columnists

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Oreshnik becomes serious problem for Ukraine — Polish general

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"Everything here is much deeper than a decision to send a peacekeeper mission," Dmitry Peskov said

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Kiev opposes Washington's demand for lowering draft age — media

A representative of US President Joe Biden's administration had earlier stated that the Ukrainian military is facing a critical manpower shortage

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Chad severs defense cooperation agreement with France — AFP

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Mikhail Galuzin stressed that the '3+3' regional cooperation platform is important for harmonizing the interests of all countries of the region

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US mercenary in-absentia arrest, Ukrainian losses: situation in Kursk Region

Over the day, Ukraine lost more than 340 troops, an armored personnel carrier, an armored combat vehicle, 12 motor vehicles, an artillery piece and six mortars

Ukraine not South Korea's ally to demand weapons — newspaper

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Russian passengers on Antarctica cruise liner with engine failure go on hunger strike

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Russia’s top diplomat slams NATO for discussions of preemptive strikes on Russia

"These claims were made by some admiral. Absolutely reckless. They have a lot of high-ranking military officials who have never even seen real battle," Sergey Lavrov stated

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Biden unlikely to dare to seriously increase military aid to Kiev — expert

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Kiev's defeatist rhetoric may be masking planned attacks on Russia — expert

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Putin signs law on taxation of digital currencies

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Russia's opponents see Finland as springboard in case of open conflict — politician

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Here are the key points about the strikes on Ukrainian military-industrial facilities

Sending EU troops to Ukraine to make peace settlement impossible — Austrian lawmaker

Harald Vilimsky noted that the joint deployment of European troops will further escalate the security situation in Europe

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Iran’s Revolutionary Guards eyes big response to Israel's latest attack

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