Airline Industry Performance: The overall health of the airline industry impacts investor sentiment towards AFLT3F.SA, affecting demand and price.

Economic Conditions in Russia: Russia's GDP growth, inflation rate, and consumer confidence influence travel demand, affecting Aeroflot's revenue and stock value.

Fuel Prices: Jet fuel is a major cost for airlines; fluctuating prices affect Aeroflot's profitability, impacting stock price.

Aeroflot's Financial Performance: Revenue, profit margins, debt levels, and key performance indicators published in financial reports influence investor decisions.

Geopolitical Events: International relations, conflicts, or sanctions impacting Russia can affect Aeroflot's operations and stock valuation.

Currency Exchange Rates: Fluctuations in the Ruble's exchange rate, particularly against the US dollar and Euro, affect Aeroflot's costs and revenues.

Regulatory Changes: Government regulations regarding air travel, safety standards, or environmental policies can affect Aeroflot's operations and profitability.

Competition: Actions of competitor airlines, including pricing strategies and route expansions, influence Aeroflot's market share and revenue.

Investor Sentiment: Overall market sentiment and investor appetite for risk can affect the demand and price of AFLT3F.SA shares.

Company-Specific News: Events like new aircraft orders, route launches, or management changes can have a significant impact on investor perception.