DALLAS – The Ukraine crisis has taken its toll on the aviation industry, be it the rise in fuel prices or the partial and complete shutdown of airspace.
Several airlines rely heavily on Russia’s vast airspace for flying into the far east. Key trunk routes for passengers and cargo have been disrupted. Longer inefficient routes are now being taken for those airlines desperately wanting to fly.
While this impedes some parts of most airlines’ networks, the situation is different for the Finnish carrier Finnair (AY) – it’s in serious trouble. The airline is seated right by the Russian border and banks read more ⇒
Source:: “Airways Magazine”