Eco
Specialized reports reveal Iraq is incurring losses estimated at $15,000 every hour due to the temporary suspension of aircraft transit through its airspace. The reports clarified that Iraqi airspace previously saw around 800 planes daily, including domestic and foreign flights, before air navigation was halted. Daily averages previously ranged between 700 and 750 aircraft. The reports indicated that the fee for a single aircraft's passage is about $450, which generated daily revenues of $360,000. Each hour of air transit stoppage costs Iraq $15,000, leading to daily losses of $360,000. This negatively impacts non-oil revenues, which the government aims to enhance and diversify. These reports urged a swift resumption of air navigation and aircraft passage over Iraqi airspace once security stabilizes, underscoring the resource's importance in supporting state revenues and bolstering Iraq's position as a strategic air corridor linking Asia, Europe, and regional nations.
