newstodate.aero

Mar 21, 2022 (newstodate): The Russian invasion and warfare in Ukraine entails huge costs to the airline industry - on both sides.
   According to Russia's Federal Air Transport Agency airlines from 19 countries including the USA, Canada, Great Britain, Austria, Belgium, Hungary, Germany, Ireland, Iceland, Spain, Italy, Latvia, Luxembourg, Malta, the Netherlands, Finland, France, Switzerland, and Sweden are forced to reroute their Europe-Asia flights to avoid Russian airspace, estimated to entailing a weekly extra burden accruing to 37.5 mio USD.
   The flight ban over Russia is, however, also costly for Russia that is seeing its income from airnav charges dropping correspondingly; in the first two months of this year, Russian managed - and cashed in on - 31,400 flights in its airspace - now down to zero.
   At the same time, Russia is also hit by western airlines' absence from its Siberian and polar air lanes.
    Since 1970, EU and Western airlines have been obliged to pay a royalty for use of Russia's Siberian and transpolar air lanes, and the royalty should be a compensation for Aeroflot's corresponding loss of revenues.  
   The charges, earlier estimated to be around USD500 mio annually, are collected by Aeroflot that retains some USD300 mio, returning the remainder to Russia's Federal Air Navigation Authority and the Federal Air Traffic Agency.