12:12 - 18.05.2022

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May 18, Fineko/abc.az. High operational and financial costs are the main causes of AZAL's losses.

ABC.AZ reports that in 2020, AZAL's operating expenses reached AZN 540.149 million (43.1% less) and financial expenses AZN 83.97 million (24.5% less).

Company’s state subsidies received in connection with the COVID-19 pandemic totaled AZN 232.8 million (in 2019 there were none), losses from exchange rate differences AZN 9.399 million (42.9% more), income tax payments AZN 10.219 million (48.6% less).