Russian airlines’ profits for 2023 increased by a third, exceeding the pre-pandemic level. This was reported by “Kommersant”.
“The total revenue of Russian airlines in 2023 increased by 31% to 1.37 trillion rubles, which was the absolute maximum figure and exceeded 2019 levels,” the analytical report concludes.
The publication’s article states that the profitability of air travel has also reached a very high level. In addition to the increase in ticket prices, the increase in average flight distance by almost 20% in five years was also effective in this.
Analysts state that companies’ ability to raise prices will decrease in 2024, but costs will continue to increase. Experts announced that the potential for higher prices on flights will continue and will not lead to a significant decrease in passenger traffic.
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