Aeroflot is the leader on the market by adding 5%
A favorite of today’s trading are securities of “Aeroflot”, which added more than 5% and traded at the end of the day a little lower than 108 RUB. I Remember even buying up of papers “Aeroflot” structures of Roman Abramovich in 2001, and then, probably, based on the privatization of the company. The benefit of securities of the Russian national carrier play the decline in oil prices in ruble terms the increase in traffic.
Fuel costs are critical to any airline. Plus yesterday “Aeroflot” has informed that for January-October increased transportation of passengers by 10.3% compared to the same period last year, to 47 million people. Probably you can also talk about partial diversification, as the drop in oil prices is forcing investors to look for ideas outside of the commodity sector.
We expect a decline in Brent by early next year to $50 per barrel. Of course, it is not clear what will be the ruble, but, probably, the shares of “Aeroflot” will have a better market.
Director of the analytical Department?