Latest news with #Aeroflot
RTÉ News
a day ago
- Business
- RTÉ News
Russian flag carrier Aeroflot reports adjusted net loss in Q1
Russian flag carrier Aeroflot has today reported an adjusted net loss of 3.4 billion roubles ($43.31m) in the first quarter of 2025, down from net profit of more than 6 billion roubles in the same time a year ago. Revenues for the quarter rose 9.6% year-on-year to 190.2 billion roubles and earnings before interest, tax, depreciation and amortisation (EBITDA) fell 17.4% to 49 billion roubles, Aeroflot said. Aeroflot said its profits had been adjusted by exchange rate revaluations. Meanwhile, Russian airlines carried 8.4 million passengers in April, up 2.7% year-on-year, national aviation watchdog Rosaviatsia said today.
Reuters
a day ago
- Business
- Reuters
Russian flag carrier Aeroflot reports adjusted net loss in Q1
May 30 (Reuters) - Russian flag carrier Aeroflot ( opens new tab on Friday reported an adjusted net loss of 3.4 billion roubles ($43.31 million) in the first quarter of 2025, down from net profit of more than 6 billion roubles in the same period a year ago. Revenues for the quarter rose 9.6% year-on-year to 190.2 billion roubles and earnings before interest, tax, depreciation and amortisation (EBITDA) fell 17.4% to 49 billion roubles, Aeroflot said. Aeroflot said its profits had been adjusted by exchange rate revaluations. ($1 = 78.5000 roubles)
Daily Mirror
3 days ago
- Politics
- Daily Mirror
Ukraine swarms panicked Russia with drones after Putin threatens Trump with WW3
Ukraine's drone attacks caused widespread disruption across Russia, with Moscow's airports being forced to close and damage to residential buildings reported across the capital Ukraine triggered chaos and panic in Moscow as dozens of attack drones swarmed around the Russian capital. Strikes hit a key Putin microchip plant in Zelenograd district, with explosions igniting a drone-making plant, another defence plant in Dubna, as well as a key nuclear research base in Moscow region. Both strikes are seen as causing significant damage to the Kremlin's war machine, as Russian air defences exploded incoming drones to avert more damage. One video showed fearful Russians running for cover under trees as waves of unmanned planes hit the city and surrounding areas. There was major disruption at Moscow's major airports, which were forced to close amid the drone attacks, leading to huge flight delays. Aeroflot state airline flights were among those rerouted and delayed by the mayhem, due to the temporary closure of its Sheremetyevo hub. The hits came soon after the Kremlin sought to slap down Donald Trump who had bluntly told Vladimir Putin that "if it weren't for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD. He's playing with fire." Putin sidekick Dmitry Medvedev, a former Kremlin president and prime minister, now a top security and political official, threatened the West with World War Three, declaring on Telegram and X: "I only know of one REALLY BAD thing - WWIII. I hope Trump understands this!" The governor of the Moscow Region, Andrei Vorobyov, said some 42 Ukrainian drones had been shot down. Moscow mayor Sergei Sobyanin said 33 had been destroyed over the city. In all, hundreds of drones were unleashed on Russia after recent brutal attacks by Putin on Ukraine. Damage to residential buildings was reported as one resident said: "What kind of a nightmare is this?" In Troitsk, a town in Chelyabinsk Oblast, and in Moscow, there was blind terror as young Russians were heard in panic over the drones. "Get down, get down. Drone's flying," says one voice. "Come here, come here, come here. Diana, under the tree, let's go, let's go. All right, easy, easy." A woman told how "we stood under the trees, where there were cars, private houses, and that's where the shrapnel fell. A friend was hit by shrapnel. The shrapnel, which is large, huge, hit around residential houses. "Everyone scattered to wherever they were going. Fear had taken hold of us." The Mikron microchip plant in Moscow region is key to Russian defence needs amid sanctions, and supplies hi-tech electronics for weapons, as well as counting Putin's feared FSB security service as a customer. The ELMA Technopark - a key microelectronics hub - was also hit. Reports said in Dubna the target was Kronstadt state-of-the-art UAV manufacturing plant that mass produces multiple types of drones used by the Russian armed forces in Ukraine, including Orion, Sirius, and Grom. There were also claims of a confirmed strike in Dubna at N.P. Fedorov Machine-Building Plant (DMZ), making aviation and rocket technology. Sergei Markov, director of Russia's Institute of Political Studies, warned: "Dubna became the target of a massive attack by Ukrainian drones. The attack lasted two-and-a-half hours. "The Institute of Nuclear Research is also located in Dubna, and there is a [synchrotron particle accelerator] and a cyclotron. These are huge structures for nuclear processes, many tens of metres long. An attack on Dubna carries the threat of nuclear contamination of large areas." Footage showed the moment of the strike in Dubna. The Medvedev threat on a new world war led to an angry riposte from Trump special presidential envoy Keith Kellogg. "Furthering fears of World War III is an unfortunate, reckless comment by Dmitry Medvedev, unbecoming of a world power," he said. "President Trump is working to stop this war and end the killing. We are awaiting the memo you promised a week ago." Kellogg said the combined losses in the 39 month war exceed 1.2 million. "President Trump is absolutely right. We have to stop this killing," he told Fox News. "When you look at the numbers, this is mass murder - on an industrial scale. The losses on both sides are already 1.2 million." This is more than US losses in World War Two. Russia carried on its onslaught on Ukraine, aiming Iskander missiles at Kremenchug, and drones at Poltava region, overnight. Residents in Poltava heard sonic booms from missiles exceeding the speed of sound. It comes after we revealed that a ban on Ukraine using western-supplied weapons to attack Russia was secretly lifted months ago under Joe Biden. Kyiv military sources say permission was quietly granted as long back as in November 2024 for troops to fire deadly missiles at Russian targets. It means NATO countries such as the UK could face a major escalation in tensions with the Kremlin and hostilities could be more open. The Daily Mirror warned earlier this month that tension with Moscow was making the UK particularly vulnerable to Russian-backed sabotage attacks. Three recent arson attacks on cars linked to Prime Minister Keir Starmer may have links to Russia, police believe, although Moscow has denied this. For months now Ukraine has been hammering targets deep with Russian territory, particularly ammunition and kamikaze drone factories. It had been believed Ukraine was restricted to. firing missiles into Russia only if they were in defence of Ukrainian positions in Kursk. But in fact the wider ban was lifted at that time, an action that was kept secret, according to Kyiv sources.
Irish Times
22-05-2025
- Business
- Irish Times
SMBC profits soar past €1bn
Aircraft lessor SMBC Aviation Capital's profits soared to $1.2 billion (€1.06 billion) in the 12 months to March 31st as it settled lawsuits with insurers over planes lost to Russia. Excluding those deals, the Irish company said on Thursday that its main business, buying planes and leasing them to global airlines, grew pretax profits 22 per cent to a record $563 million over the same period. Dublin-headquartered SMBC earned $2 billion in rent from its leased aircraft during its last financial year, which ended on March 31st, $59 million more than during the previous 12 months, the company reported. Settlements of lawsuits against insurers over aircraft lost following Russia's invasion of Ukraine came to $654 million, further boosting the company's headline profit. READ MORE Those deals, for $630 million last year and $24 million recently, mean SMBC has recovered $1.41 billion of the $1.61 billion that the company calculated it had lost as a consequence of Russia's invasion of Ukraine in February 2022. It agreed a $756 million settlement in its 2023 financial year, with Russian business, Insurance Company NSK, specifically on insurance and reinsurance policies covering jets leased Aeroflot, Russia's largest airline. 'We're at a critically low level of housing stock' for buyers and renters Listen | 33:06 SMBC is continuing with further litigation against insurers in the UK, alongside other companies in its industry. The company terminated leases with Russian airlines following the invasion of Ukraine to comply with sanctions, leading to the loss of 34 aircraft. SMBC was one of several lessors, including Irish rivals AerCap and Avolon, who lost commercial jets as a result of the war and sanctions. These businesses have all recovered large sums of cash following litigation sparked by many insurers' refusal to pay out. Peter Barrett, SMBC chief executive, said its results showed the underlying strength of its business. He added that airlines continued to 'turn to SMBC Aviation Capital in even greater numbers', positioning it to grow profits further. Aisling Kenny, chief financial officer, said the company continued to cash in on positive demand, signing $4 billion in new long-term agreements to lease aircraft to airlines. She noted that SMBC took advantage of a 'robust aircraft trading market' and got further cash settlements of its Russian insurance litigation. The company's figures show that its fleet came to 510 aircraft at the end of March this year. SMBC completed 196 transactions during its last financial year, to buy, lease or sell aircraft, the company noted. Manufacturers delivered $3.3 billion worth of planes to the Irish company during the year. SMBC buys aircraft from manufacturers Airbus and Boeing and leases them to airlines worldwide. Its shareholders are Japan's Sumitomo Mitsui Financial Group and Sumitomo Corporation. The company is one of the top three aircraft lessors in the world and one of several leading players in its industry based in the Republic. A report published this week by aviation industry investor, Irelandia, stated that Irish-based lessors control 37 per cent of all commercial aircraft currently flying in the world. Global demand for commercial jets continues to grow.
New Straits Times
17-05-2025
- Business
- New Straits Times
Anwar: Russia visit not a sign of alignment with any power bloc
KUALA LUMPUR: Malaysia's official visit to Russia should not be misconstrued as aligning with any global power bloc, Prime Minister Datuk Seri Anwar Ibrahim has asserted. He said that strengthening ties with Russia would not come at the expense of Malaysia's longstanding relationships with other key partners, including the United States, China, and other major trading nations. Anwar reaffirmed that Malaysia would continue to chart its foreign policy independently, guided by national interests and principled diplomacy. "Alhamdulillah, the Malaysian delegation has returned with valuable experiences from Russia, from enhancing bilateral ties and exploring new areas of cooperation to gaining insights into the country's history, cultural richness, and the resilience of its people. "My deepest appreciation to our hosts for the exceptional hospitality and friendship extended to us," he said in a Facebook post today. The prime minister undertook an official visit to Russia from Tuesday until yesterday, during which he held high-level meetings with Russian President Vladimir Putin and Prime Minister Mikhail Mishustin. Discussions between the leaders covered various aspects of bilateral cooperation, including trade, investment, energy, education, aerospace technology, and agri-commodities. Anwar added that his meeting with Putin opened up opportunities for trade, investment, and tourism, alongside discussions on the resumption of direct Aeroflot flights to Malaysia. He said Putin also expressed support for cooperation in the halal industry and Islamic finance. "I value the friendship established with President Putin. I also raised the issue of MH17 with him. "Malaysia stands firmly on the principle that the truth must prevail in the pursuit of justice for the victims and their families," he said. During his meeting with Mishustin, Anwar said both parties discussed cooperation in the agricultural sector, including cocoa and palm oil, as well as efforts to resolve issues impeding bilateral trade. A roundtable session with 24 leading Russian companies also opened up opportunities for collaboration across various sectors, including palm-based products, the chemical and furniture industries, digital technology, and artificial intelligence. "In a press conference with Malaysian media at the conclusion of the official visit, I emphasised the significant achievements made in strengthening Malaysia-Russia ties, exploring new strategic areas of cooperation, and expanding Malaysia's role as a bridge between the Islamic world and global powers," he said.
