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Rosaviatsiya: airlines will become smaller due to coronavirus
The head of the Federal Air Transport Agency admitted bankruptcy of airlines due to the coronavirus pandemic. The main reasons are the decrease in passenger traffic and cargo transportation.
As quoted Interfax The head of the Federal Air Transport Agency and the first deputy head of the Ministry of Transport of the Russian Federation, Alexander Neradko, negatively affects the financial condition of carriers of reduced demand for flights. Also, due to the closed borders due to the coronavirus pandemic, it may be difficult to supply spare parts. And flight safety may be reduced due to the fact that Russian civil aviation pilots will not be able to visit foreign training bases.
In February 2020 alone, according to preliminary estimates of UTair Airlines, the damage from stopped flights to China for this airline amounted to about 1,7 billion rubles. The overall damage estimates are even higher: according to Alexander Neradko, the losses will approach 100 billion rubles.
Meanwhile, the growing dollar rate has a strong negative impact under conditions that are already unfavorable for the industry. There is a situation in which costs are rising, and profits are rapidly declining. The government is seriously concerned about the future of Russian civil aviation and offers a number of incentive measures for industry support.