Russia's Aeroflot first-quarter loss widens as traffic falls

Reuters

Published Jun 02, 2020 03:26AM ET

(Reuters) - Russian airline Aeroflot (MM:AFLT) on Tuesday reported its first-quarter net loss widened to 22.48 billion roubles ($326.22 million) as traffic tumbled due to travel curbs imposed to slow the spread of the coronavirus.

Aeroflot reported its earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 38.8% to 13.05 billion roubles.