Winter Olympics offer big profit gains to Aeroflot
[NEW YORK] OAO Aeroflot and Yandex NV are among Russian companies that stand to benefit the most from the Winter Olympics in Sochi, according to Otkritie Financial Corp.
While Moody's Investors Service said on Wednesday the Olympics are unlikely to spur faster growth in Russia, the games will generate higher profits for Aeroflot, the country's biggest airline, and Yandex, the largest online search engine service, according to Otkritie.
Aeroflot increased the number of regular Moscow-to-Sochi daily flights to 15 from five, according to data from its website.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4