newstodate.aero
Aug 20, 2009 (newstodate): Aeroflot's traditional milking cow, revenues from foreign airlines' use of the trans-Siberian air lanes, may be losing weight in 2009.
The general downturn in the global aviation industry and many airlines' reductions in frequencies and routes is estimated to bring the volume of trans-Siberian overflights down to almost one third of its usual volume, causing Aeroflot to lose much needed revenue.
In "normal" circumstances, Russia levies charges for overflights accruing to around 330 mio US dollars, which also remains a stumbling stone for further progress in the stalled Russia/EU aviation talks.
In 2009 this may shrink to one-third, which is a direct threat to Aeroflot's revenues as the airline has been designated by the Russian state to collect these charges as what is considered a compensation for the losses in revenue due to international competition by foreign airlines.
Aeroflot is also threatened by the recent state demand to re-distribute part of the overflight revenues to other Russian airlines, further reducing the fat cream in the cup.
The general downturn in the global aviation industry and many airlines' reductions in frequencies and routes is estimated to bring the volume of trans-Siberian overflights down to almost one third of its usual volume, causing Aeroflot to lose much needed revenue.
In "normal" circumstances, Russia levies charges for overflights accruing to around 330 mio US dollars, which also remains a stumbling stone for further progress in the stalled Russia/EU aviation talks.
In 2009 this may shrink to one-third, which is a direct threat to Aeroflot's revenues as the airline has been designated by the Russian state to collect these charges as what is considered a compensation for the losses in revenue due to international competition by foreign airlines.
Aeroflot is also threatened by the recent state demand to re-distribute part of the overflight revenues to other Russian airlines, further reducing the fat cream in the cup.