Russian carriers’ losses mount

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By TESTCustomwebLP TESTCustomwebLP May 5, 2015 20:00

Russian carriers’ losses mount

The Russian Association of Air Transport Operators (AEVT) has estimated first-quarter losses by Russian airlines to have increased by RUB1 billion ($19.4 million) for 2014 due to exchange rates and a decrease in passenger traffic.

AEVT reports first-quarter international traffic down 15.6%, even though domestic traffic was up 11.4% over the same period these routes are mostly unprofitable.

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By TESTCustomwebLP TESTCustomwebLP May 5, 2015 20:00