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Russia s Aeroflot net loss widens in fourth quarter as passenger traffic slumps

Message : Required fields March 10 (Reuters) - Russia s flagship airline Aeroflot reported a fourth-quarter net loss more than six times higher than the previous year amid coronavirus-related curbs on passenger traffic. Aeroflot reported a net loss of 43.80 billion roubles ($594 million) for the final quarter of the year compared to 6.79 billion roubles a year earlier. Russia, like other countries, saw a sharp fall in passenger traffic last year because of coronavirus restrictions, followed by a gradual recovery in recent months. Its domestic traffic, however, was less affected as the country refrained from imposing a complete lockdown during a new wave of infections.

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