Airlines to see passenger traffic growth if economic stabilizes —minister

Business & Economy June 17, 2016, 9:40

The traffic will be back when the exchange rate between national and foreign currencies make it economically advantageous to travel, says the Russian transport minister

ST. PETERSBURG, June 17. /TASS/. International airlines will see growth of passenger traffic only in case the economic situation stabilizes, Russia’s Transport Minister Maksim Sokolov told TASS Friday.

"This depends on the macroeconomic situation in the country. When the wage rates and the exchange rate between national and foreign currencies make it economically advantageous and reasonable to travel abroad the passenger traffic will be back," he said.

 

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