In 2015, the national airlines of Azerbaijan suffered losses totaling 64.7 million manat, by four times more than in the previous year, while the passenger traffic grew by 1.7% last year.
The State Statistics Committee told Turan in 2015 the revenue from ticket sales and other passenger services amounted to 296.9 million manat (-0.6%). The costs of the airlines to provide passenger transportation services totaled 361.6 million manat, an increase of 15%.
Last year 1 million 818 thousand passengers were transported, including 534,100 within Azerbaijan (-3.3%).
Revenues of the airlines from freight traffic in 2015 amounted to 531.1 million AZN - 1.5% less than in 2014. Balance profit of the airlines exceeded 82 million AZN.
There are four national airlines in Azerbaijan, one of which (CJSC Azerbaijani Airlines) is state-run. The remaining three (Silk Way Airlines, Silk Way West, and Silk Way Business Aviation) are included in the group of companies Silk Way Holding. ----08B
Economics
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