Aeroflot has announced its results for the first half of 2014, which indicate that the escalation of sanctions on Russia has had a significant effect.During H1 2014, revenue increased by 9.4% year-on-year to RUB140,281 million, driven by growth in the Aeroflot Group’s passenger traffic. The airline also reported that revenue growth was supported by a decline in the rouble’s exchange rate with key global currencies. Operating costs amounted to RUB141,665 million, up 15.2% year-on-year, due to the weaker rouble and the increased scale of the Group’s operations. EBITDAR decreased by 16.6% year-on-year compared to H1 2013 to RUB16,657 million. The Group’s
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