Ukraine invasion brings rough wind for the new AUA boss – company

The AUA will announce deep red numbers again this Thursday. The turbulence in Ukraine and Russia has not yet been priced in. A pan-European airspace closure for Russian aircraft, suspended flights to Moscow and Ukraine, all of this is also affecting the aviation industry, which is still suffering from the consequences of Corona. Machines from Western Europe fly over Russia on their way to the Far East, to China, Japan or South Korea. Now other routes have to be flown. Apart from longer flight times, this is likely to be associated with higher fuel consumption. In addition, overflight rights must be organized and paid for. This will also affect the balance sheets.

–