Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Aeroflots Shares Dropped 10 Percent
13.03.2014 19:46
Aeroflots Shares Dropped 10 Percent
Photo Credit: http://deartravel.ru

The Moscow Stock Exchange saw a 10 percent slide in the price of Aeroflot’s shares after the report on a change in flight routes over Ukraine, says Vedomosti.

      By 4.50 pm, the price dropped to 53 roubles, a new low since September 2013.

      The shares later recovered to 54.46, regaining some of the losses.

      • In 2013, Aeroflot, Russia’s largest airline, carried 20.9 million passengers (18.4 percent up on 2012).

      • Aeroflot’s fleet, which is among Europe’s most modern, youngest and fastest growing, consists of 146 aircrafts, with its backbone formed by modern Airbus A320-family, A330, Boeing B777 and Sukhoi SuperJet-100 airliners.

      • The Russian Government owns 51 per cent of Aeroflot.

      • JSC Aeroflot – Russian Airlines shares are traded on the Moscow Stock Exchange (MICEX) under the symbol AFLT.

      • For 9M 2013, net profit of Aeroflot Group rose 84.1 percent to $545.2 million according to IFRS. Operating profit has virtually doubled to $849.8 million. Aeroflot Group's revenue increased by 16.8 percent and totaled $7,03 billion.

      The MICEX index, one of the main Russian stock market indicators, nosedived to a new low this March, going back to the May 2012 level, on the news from the OECD, says Vedomosti.

      According to the business daily, at 3.54 pm Moscow time MICEX stood at 1258.12 while RTS, another key indicator, dropped 1.3 percent to 1085.85.

      Among the worst hit are Sberbank (-3.08 percent), Rostelecom (-3,46 percent), FSK UES (-3.31 percent), Inter RAO UES (-6.33 percent).

      OECD, the Organisation for Economic Co-operation and Development, announced it has suspended Russia’s accession process. The decision was made by the organisation’s board of directors at a meeting on Wednesday, March 12, 2014.

      At the same time, the statement said the Paris-based body will intensify cooperation with Ukraine.

      The move comes amid heightening tension between Moscow and the West that has threatened Russia with sanctions over its Ukraine policy.

       




Author: Mikhail Vesely

Tags: Aeroflot Russian economy Ukraine crisis Crimea  

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Vladimir  All-Russian Museum of Decorative  Joan Miro  City Hunter  Russian science  Shukhov Tower  Russian business  Russian economy  Russian tourism  Exhibitions in Moscow  Painting, graphics  Kabardino-Balkaria  Visa   Russian Traditions  St. Petersburg  Moscow  Ski resorts  Sergei Witte  Russian Architecture  City Wi-Fi   Aleksandr Solzhenitsyn  Volgograd  Crimea  Perm Territory  Russian scientists  Saransk Souvenirs  Rosa Khutor  the Urals region  Russian festivals  franchising  The Public Unity Day  Russian book publishers   Russian airports  Mercedes-Benz Fashion Week Russia  Chukotka  Jews  Russian space industry  Russian Cinema  North Caucasus  Dagestan  Real hypermarkets  Design  Sports  Arseny Tarkovsky  Kotelnich  Garage  tower  Russian International  Komi Republic  Vitas 


Travel Blogs
Top Traveling Sites