PROSPECTS OF AIR PASSENGER MARKET DEVELOPMENT WITHIN THE EURASIAN ECONOMIC UNION IN CONDITIONS OF MACROECONOMIC INSTABILITY
The article analyzes the passenger air transportation market of the member states of the Eurasian Economic Union (EEU): the Russian Federation, the Republic of Kazakhstan, the Republic of Belarus, the Republic of Armenia, the Republic of Kyrgyzstan. The Russian Federation’s passenger air transportation market is the largest in the former Soviet Union. The effective development of the national air transportation market is due to a combination of factors: GDP growth, increased welfare of citizens, lack of energy dependence, development of the route network of national airlines, and state support aimed at subsidizing the regional air transportation system. Based on the analysis of the current international route network of capital airports of the EAEU member states, the prospects for the development of the route network between the capitals of the member states of the Eurasian Economic Union and the regions of the Russian Federation have been determined. In addition, the current routes with the classification of air carriers are indicated, and promising areas of development are identified. Increasing passenger traffic within the framework of the EEU member states will strengthen the economic and socio-cultural interaction of the regions.
Keywords: airlines, passenger air transportation, air transportation market, route network of airlines, the Eurasian Economic Union.
Highlights:
♦ the passenger air transport market is an indicator of the growth and development of the state’s economy;
♦ the GDP growth of the Russian Federation in 2019 is 1.3%, while the growth of the passenger air transportation market was more than 6%, exceeding the global average;
♦ the growing demand is due to the following factors: the favorable geographical position of the Russian Federation, the growth of the population’s welfare, and effective measures of state support;
♦ the main factor in market increasing is integration into the space of the EEU member states in order to develop the route network.
Vladimir V. Rublev, post-graduate student of the Strategic Planning and Management of Housing and Communal Complex Department of the Institute of Economics and Management of Vladimir State University.