The closing of Ukraine to international air travel will cost UIA $60 million, “according to the most optimistic scenario,” company president Yevhen Dykhne, tells Ukrainska Pravda. For a company that used to operate 1,000 flights a week, UIA now is grounded for at least one month, running off savings and paying employees 2/3 salary. In the last two weeks of March, the government’s stop-go-stop orders on air travel unnecessarily cost the company millions, he said. On charges that UIA conducted price gouging in the final days, Dykhne said ‘artificial intelligence’ set prices to match market demand.
The closing of Ukraine to international air travel will cost UIA $60 million
