In January-September this year, transportation of goods brought airlines retained earnings of $ 74 million manat. Profitability of transport carriages is about 28%.
Income of airlines from transport carriages make 32.4 thousand tons of freight revenues of $ 260.9 million manat. This is by 0.4% more than in the same period last year. The volume of cargo (28.4 tons) increased by 17%, and turnover by 22%. In other words, more and more airlines transport cargo, but income is the same.
According to State Statistical Committee, the costs for freight carriages of airline increased by 0.5% and totaled (186.9 million manta.)
Over 10 months of this year the volume of cargo carriages by air has reached 47.2 thousand tons (+18.1%).
The major part (about 95%) of cargo is transported by airliners of "Silk Way Airlines", which operates outside the country. --08B--
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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