Russian airlines in the 1st quarter of 2022 received a record total operating loss for the last 8 years – 61.1 billion rubles, calculated in the Association of Air Transport Operators (AEVT). “For 3 months of 2022, the total loss on the operating activities of all airlines amounted to 61.1 billion rubles (passenger airlines – 52.5 billion rubles, cargo – 8.6 billion rubles). This result in the first quarter is the worst for the last 8 years,” the report of the President of the AEVT Vladimir Tasun to the general meeting of the organization (published on the website of the AEVT) says. In 2021, the total operating loss for the specified period was estimated at 33.3 billion rubles, in the “pandemic” 2020 – at 55.5 billion rubles. “Now it is difficult to predict how much the financial and economic stability of airlines will worsen in the future. We hope that the measures taken by both the Russian government and the airlines themselves will ensure stable operation of the domestic air transport industry in the short term,” Tasun said in his report. Aviation turned out to be one of the industries most affected by anti-Russian sanctions. After the start of the military operation of the Russian Federation in Ukraine, Russian carriers are prohibited from flying to the EU countries, Great Britain, the USA, and Canada. For security reasons, since February 24, 11 airports in the south and central part of the Russian Federation have been closed. In addition, Western countries have stopped deliveries of civil aircraft and spare parts and have obliged their lessors to return the airliners already leased from Russia. Source: FINMARKET.RU

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