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Russian airlines face headwinds as rouble falls

The airlines have expenses in foreign currencies while many Russians have stopped travelling by plane

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THEIR international competitors may be cheering tumbling oil prices, but the collapse in the rouble has meant major financial turbulence for Russian airlines which have expenses in foreign currencies.

Moscow

THEIR international competitors may be cheering tumbling oil prices, but the collapse in the rouble has meant major financial turbulence for Russian airlines which have expenses in foreign currencies.

The rouble has slumped by 40 per cent this year against the dollar and

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