Income from passenger carriages in the first quarter of 2012 by the national civil aviation operators totaled 39.6 million manta; this is by 26.8% more compared with the same period in 2011. However, companies did not get rid of large losses.
The State Statistics Committee (SSC) told Turan, the airlines have reduced by 2% expenditure on passenger transport, which totaled 51.4 million manat. Thus, the losses from passenger carriages in air transport totaled 11.8 million manta; in 2011 losses of airlines reached 63 million manat.
In the first quarter the local airlines carried 310.700 passengers (14.6%). According to SSC, over five years 820.200 passengers were carried, by 16.1% increase of the same period in 2011. The share of the state JSC "Azerbaijan Airlines" totaled 98.5%. The share of the other passenger airlines "Turan Air" totaled 1.5%. 08B
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review