Aeroflot's profit drops 88% in first half of 2026
Aeroflot's adjusted net profit for the first half of 2026 was 500 million rubles, a significant decline from 4.3 billion rubles in the same period of 2025, despite a 3.6% increase in revenue to 429.8 billion rubles. The company reported rising operational costs, particularly due to higher fuel expenses.
Consensus
- Aeroflot's adjusted net profit in the first half of 2026 amounted to 500 million rubles.
- Aeroflot's revenue increased by 3.6% to 429.8 billion rubles in the first half of 2026.
- Aeroflot's operational expenses increased in the first half of 2026.
- Aeroflot's fuel costs rose, with aviation fuel expenses increasing by 13%.
- Aeroflot's credit rating was confirmed at AA(RU) with a stable outlook by AAKA on June 10.
- Aeroflot's net debt stood at 511.5 billion rubles as of July 30.
Points of divergence
- Adjusted net profit was 500 million rubles. — vedomosti
- Adjusted net profit was 472 million rubles. — kommersant
- Operating expenses increased by 21.6% to 403.8 billion rubles. — vedomosti
- Operating expenses increased by 9.7% to 449.2 billion rubles. — kommersant
- Financial income decreased by 87.5% to 5.7 billion rubles. — vedomosti
- The company reported a net loss of 600 million rubles compared to a net profit of 74.3 billion rubles in 2025. — kommersant
- Fuel cost increase was driven by an 8.4% rise in average ton price and a 24.5% increase in second-quarter fuel costs. — kommersant
- Cargo revenue decreased by 1.9% to 14.8 billion rubles, and charter revenue decreased by 15.7% to 1.7 billion rubles. — vedomosti
- Cargo revenue decreased by 1.9%, attributed to a 3.5% drop in cargo volumes. — kommersant
Coverage (2 sources)
- Aeroflot's adjusted profit for six months amounted to 0.5 billion rubles — Ведомости
- Adjusted net profit of Aeroflot decreased by 88% in the first half of the year — Коммерсантъ