newstodate.aero
May 12, 2014 (newstodate): The sustained political upheavals in Ukraine and the conflict with Russia is costing Ukraine International Airlines dearly.
While passenger volumes were rising during the start of this year by 80 percent, y-o-y, in January and and 60 percent in February 2014, volumes were down by some 15 percent in April and are basically falling further since then.
One significant factor is the separation from the Crimea, where the carrier transferred much passenger traffic through Simferopol.
While passenger volumes were rising during the start of this year by 80 percent, y-o-y, in January and and 60 percent in February 2014, volumes were down by some 15 percent in April and are basically falling further since then.
One significant factor is the separation from the Crimea, where the carrier transferred much passenger traffic through Simferopol.