#Russian Federal Statistics Service (Rosstat)

Big decrease in flight ticket prices!

According to data from the Russian Federal Statistics Service (Rosstat), the cost of economy class air travel in Russia experienced a decrease in August. Experts stated that prices will continue to fall, and a new increase is expected only during the New Year holidays. In the statement made by Rosstat, “The cost of an economy class flight within Russia in August 2023 per thousand kilometers of travel was 6556.21 rubles. "This figure is 1083 rubles less than in July," it said. At the same time, the cost of the flight broke the record of August 2010 (6892.51 rubles). This information is also confirmed by the “Yandex.Travel” service, which calculated that the average cost of a plane ticket within Russia in August decreased by 2030 rubles round trip. It was stated that there was a 7 percent decrease in prices in the "Aeroclub" agency and the aggregator Aviasales. Experts state that the reason for this is high demand, while the demand for tickets is traditionally higher in August. The next price increase is expected after mid-December. At the beginning of summer 2023, an increase in flight tickets was recorded. Anna Duhon, Chief Researcher at the Laboratory of “Quantitative Methods of Regional Development Research” at Plekhanov Russian University of Economics, said that this is associated with the increase in fuel prices, the increase in the cost of services, the complication of logistics due to imposed sanctions and restrictions on imported parts.