10.12.2013 18:34
YEREVAN, December 10. /ARKA/. The rumors going around about high profitability of air transportation business has nothing in common with the reality, Arman Khachatryan, executive director of the National Competitiveness Foundation of Armenia, said Tuesday at a news conference in Novosti International Press Center.
“If we consider the matter in a global context, we’ll see that between 1990 and 2012, investments in the international air transportation area, i.e. interests paid to banks, exceeded profits a great deal,” he said adding that the maximal profitability in the world aviation was equal to zero at the mentioned period.
The executive director also said that the air companies’ average one-passenger profit is 1% or $2.56, while losses are equal to 5% or $10.
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