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UIA reports $60-mln in losses due to coronavirus shutdown
Journal Staff Report

KYIV, July 30 Ukraine International Airlines saw $60 million in losses due to the temporary suspension of its activities during lockdown and has to gradually lay off 900 employees, the UIA press service has told Interfax-Ukraine.

"The monthly downtime of an airline costs about $14.5 million in compulsory expenses, which entailed the loss of about $60 million during the period of the airline's idle period... A simple and significant decrease in the volume of operation after the restoration of air traffic in Ukraine leads to a forced gradual dismissal of about 900 UIA employees," the airline said.




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