Russia’s air travel might drop 7.6% in 2015

February 18, 2015. Russian air carriers’ overall passenger traffic might drop by 7.6% in 2015, Russia’s Economic Development Ministry’s updated forecast states.

Domestic air travel could shrink due to the weakening ruble and the decrease in the population’s actual income as well as growing airplane leasing expenses. As for last year, air traffic actually rose by 10.2% compared with 2013.

The ministry also says that Russians’ falling incomes will result in smaller trade turnover (-5.9% for food items and -10.2% for non-food items).

The average household’s private consumption will also go down by 7.2%.

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