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Russia's Aeroflot posts 24% plunge in net profit in 2007

MOSCOW, April 1 (RIA Novosti) - Aeroflot's [RTS: AFLT] net profit calculated to Russian Accounting Standards (RAS) declined 23.89%, year-on-year, in 2007 to 6.07 billion rubles ($253 million), Russia's national air carrier has said.

Aeroflot, which accounts for 51% of Russia's international air traffic and 12% of domestic flights, said on Tuesday its net profit declined as the company switched to revenue accounting based on completed flights from a method of accounting based on issued flight documents.

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