Aeroflot reports Q1 results

Aeroflot Group has reported an 8% increase in revenue to RUB 111,942 million for the three months ended 31 March 2018. EBITDAR reached RUB 10,767 million. The airline group’s net loss totalled RUB 11,543 million during the reporting period. Shamil Kurmashov, PJSC Aeroflot Deputy CEO for Commerce and Finance, commented: “This is the first time that Aeroflot Group has published its consolidated IFRS financial results for the first quarter of the year. This has been made possible by the Company’s focus on improving its internal accounting systems with the goal of accelerating the closing of the accounting period and submitting