Ukraine International Airlines (UIA) in 2020 posted a loss of UAH 4.518 billion against UAH 1.649 billion of profit in 2019.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders on May 28, UIA assets at the end of last year decreased by 1.6 times, to UAH 9.226 billion, and uncovered loss increased by 1.6 times, to UAH 11.6 billion.
Total debtor indebtedness increased to UAH 1.619 billion against UAH 969 million in 2019, long-term liabilities decreased by 28.3%, to UAH 7.4 billion, current liabilities increased by 15.3%, to UAH 13.2 billion.
Earlier, UIA stated that in just three months of the spring lockdown in 2020 and the complete suspension of regular flights, the company incurred losses in the amount of about $ 60 million.
