Russian September airline traffic down 20% under effect of sanctions
Reuters
Published Nov 02, 2022 12:12PM ET
MOSCOW (Reuters) - Passenger numbers on Russian airlines were down 20% in September from last year, as the impact of Western sanctions continues to weigh on the industry.
Russian airlines carried 9.87 million passengers in September, Russia's statistics agency Rosstat said on Wednesday, down 20% from September 2021.
Western countries banned Russian airlines from using their airspace in response to Moscow sending its armed forces into Ukraine in February, cutting them off from lucrative routes to Europe and the United States.
Aircraft manufacturers Airbus and Boeing (NYSE:BA) have also stopped selling planes, parts and equipment to Russian airlines, forcing some companies to cannibalise existing jets to get hold of spare parts.
Traffic for the entire first nine months of the year was down 13.1% to 72.6 million passengers, Rosstat said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.