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rdf:type	schema:NewsArticle
schema:articleBody	Russian airlines could sustain major losses and some might go bankrupt because of hits from the coronavirus, the government warned on Tuesday. Carriers face two major blows, cancellations of international flights and rising costs owing to the ruble's sharp drop in value, Alexander Neradko, the head of the federal air transport agency Rosaviation, told a government meeting. "There is a rising risk of bankruptcies by airlines that are in a tough financial situation," Neradko was quoted by Russian news agencies as saying. UTair is in a particularly difficult situation, he said. In February, Russian airlines lost 1.7 billion rubles ($22.6 million) owing to the suspension of flights to China, he said. If the situation did not improve by the end of the year, Russian airlines could lose more than 100 billion rubles, he added, while stressing that was not a precise estimate. On Monday, the government promised to unlock the equivalent of $4.0 billion to help businesses withstand the coronavirus pandemic, especially in the tourism and aviation sectors, by allowing them to defer tax payments. Russia's flagship airline Aeroflot said Monday it was under "enormous financial pressure" and suggested that its staff take vacation days. "Airlines around the world are facing this problem at the moment," Kremlin spokesman Dmitry Peskov told reporters. "The government is actively discussing how to support airlines." In early March, the International Air Transport Association (IATA) estimated the cost of the crisis at around $113 billion for the entire sector, but the final figure now looks like it will be much higher. The Association of Russian Tour Operators appealed to the government for help in late February. It estimated at the time that the Russian tourist industry would lose at least 2.8 billion rubles in February and March due to travel restrictions then in place. apo-as/am/wai
schema:headline	Russian airlines risk bankruptcy over pandemic: government
schema:mentions	International Air Transport Association Russian ruble Vacation Days Flagship Bankruptcy Russia Pandemic Russian language China Severe acute respiratory syndrome coronavirus 2 Federal Air Transport Agency Aeroflot Alexander III of Russia Dmitry Peskov Government of Russia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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