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Russian airlines warn of sharp airfare rise in 2020

Russian airlines warn of sharp airfare increase in 2020
Russian airlines warn of sharp airfare rise in 2020

Russia’s Association of Air Transport Operators announced that a substantial increase in airfares should be expected in 2020.

Airline tickets for the first quarter of next year have already risen in price by 3-18%. The most expensive tickets are for Russian holiday travel periods between January 1 and 6, February 3 and 24 and March 9 and 16.

Experts attribute the increase in airfares to the financial losses of Russian air carriers. So, for the nine months of 2019, losses amounted to 9.7 billion rubles ($152.74 million), and in general for the year they can reach 40 billion rubles ($629.58 million).

This is due to the fact that in January – September expenses for Russian airport services increased significantly by 23%, wages by 18.8%, mandatory insurance by 17.9%, and total fuel costs went up by 8.8% .

In early September, Russian Ministry of Transport announced that the cost of domestic air tickets for flights within the Russian Federation in the first half of the year increased by 7%. Rosstat (Federal State Statistics Service) reported an increase in the average cost of an economy class flight by 24%. However, the Federal Antimonopoly Service refuted the calculations of the Federal State Statistics Service, noting that the data presented reflect only the average cost to passengers.

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Chief Assignment editor is OlegSziakov