What happened to passenger air carriers during the war in Ukraine?
A third of Ukrainian airlines that operated between 2004 to 2023 have either ceased operations, gone bankrupt, or are in a state of termination. Among the 50 companies that submitted financial statements for 2022, Malaga Air earned the least, ₴1,500 ($35). SkyUp Airlines showed the largest turnover, generating almost ₴3B ($77M). In the third quarter of 2023, SkyUp’s turnover amounted to ₴3.23B, and its turnover for three quarters exceeded 2022’s figure due to a change in business model and reorientation