The decrease resulted from a hike in fuel prices, said Mikhail Poluboyarinov, Aeroflot's deputy general director for finance and planning.
Aeroflot's IFRS net profit could fall almost 67% in 2008 to $80-85 million, Poluboyarinov said.
The airline's IFRS net profit for all of 2007 was $313 million.
Aeroflot carries more than 8 million people annually and a further 2 million on its subsidiaries. The airline flies to 96 destinations in 49 countries.