Lower demand for air transport services due to the Russian crisis together with the increased cost of operating foreign airplanes will put a strain on the company's earnings in the near future. They company's shares are traded on the RTS system and are fairly liquid. We believe that Aeroflot shares will outperform the Russian market, once the market recovers. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.