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Russia's Aeroflot posts 44% net profit drop in 1H08

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MOSCOW, August 5 (RIA Novosti) - Russia's flagship air carrier Aeroflot said Tuesday its net profit calculated to Russian Accounting Standards fell 44%, year-on-year, in January-June to 2.25 billion rubles ($96 million).

Aeroflot, which carries more than 8 million people annually and a further 2 million on its subsidiaries, said its net profit in April-June declined 31.5% quarter on quarter to 915.76 million rubles ($39 million).

Aeroflot, which flies to 96 destinations in 49 countries, attributed its net profit decline in the second quarter to rising aviation fuel prices.

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