As reported by the agency "Interfax" with reference to the report of the Association of Air Transport Operators (AATO), Russian airlines ended 2022 with a total loss from sales of 144 billion rubles. It is noted that total income of airlines decreased by 13% last year, total expenses - by 3%.
"In 2022, despite significant sales losses, it was possible to ensure relative financial and economic stability for most airlines", - AATO reports. The positive role played by state subsidies for domestic transport and jet fuel damper is noted.
Recall, the damper begins to operate when the export price of fuel exceeds its cost in Russia, in which case the budget compensates for 65% of the difference. As for subsidies, last year, Russian airlines received 100 billion rubles in subsidies to offset operating expenses for domestic flights.
And AATO believes that passenger traffic of Russian airlines this year could reach the level of 2021 when 111 million people were carried. However, cargo transportation is predicted to continue to decline due to the restriction of air service with distant foreign countries.