Page 84 - RusRPTSept20

over 50% y/y in 1H20, with the total decline in 2020 anticipated at about 35%. But the domestic traffic is recovering at a faster pace. Savelyev also said that the delivery of 10 Airbus A350 aircrafts may be delayed (the carrier was scheduled to receive 11 A-350s in 2020 and another 11 in 2021 to partially replace phased out A330-200/300 aircraft). The CEO's estimates of the traffic volume in 2020 are in line with the expectations, BCS Global Markets commented.
9.1.4 Construction & Real estate sector news
Market professionals say the worst is passed for the real estate sector. Both prices and the number of transactions are starting to pick up again as the lockdown eases.
9.1.5 Retail sector news
Rosstat has released its data on the consumer foodservice market in June, which corrected 43% y/y RUB79.2bn. The total market decline for 2Q20 was 49% y/y (RUB208bn). The foodservice market was one of the sectors most affected by the pandemic lockdown, as all outlets have been closed since 28 March, with only takeaway or delivery services allowed. As ready-food delivery represented only 13% of the total market in 2019 (RUB170bn), most players were not able to compensate for the loss of offline revenues, losing 50-70% of their revenues. As restaurants were allowed to reopen gradually from mid-June, the situation has started to improve, resulting in the June figures growing 22% m/m, according to Rosstat.
84 RUSSIA Country Report September 2020 www.intellinews.com