Economy
Posted:
5 years ago
Russian Airlines to Bear $47 million Losses from Flight Ban
Russian airlines are expected to bear 47 266 000 USD losses from flight ban with Georgia, the Russian Transport Minister noted.
These losses include both direct losses and lost profits, Evgeni Dietrich noted.
"At this stage detailed calculation is being carried out, but according to preliminary reports, the airlines are expected to bear 3 billion Ruble losses, both direct losses and profits losses”, the Russian Transport Minister noted.
Airlines will submit detailed reports by the end of this week and final losses will become known, Evgeni Dietrich said.
We remind you that starting July 8 direct flights were suspended between Georgia and Russia, under the decision that Russian President Vladimer Putin took after expulsion of Russian parliament member Sergei Gavrilov from Georgia.