Business news from Ukraine


12 January , 2022  

According to preliminary data, Ukraine International Airlines (UIA, Kyiv) carried about 3.2 million passengers in 2021, which is 1.7 times higher than the result for 2020 (about 1.8 million people).
“The total number of passengers planned for 2022 will be about 4.3 million. This is 36% higher than in 2021. We do not expect a rapid increase in the company and the volume of traffic, because the situation is such that we do not expect any special charms this year. But, nevertheless, today, the company is in a very balanced and economically correct state,” CEO of the airline Yevhen Dykhne said in an interview with Interfax-Ukraine.
He also said that in 2022, UIA expects a reduction in the share of charter passenger traffic in the total volume of its traffic to 24%, while in 2021 this share was about 50%.
“We expect the financial result of 2021 to be positive. We had a very good result for 10 months. It was an operating result of about $15 million. We see that we will also end the year in positive numbers. What numbers? There will be the financial report, then we will be able to talk about it,” Dykhne said.
UIA transported 1.787 million passengers in 2020, which is 75% less than in 2019 (about 8 million people).
According to the financial statements of UIA, in the first nine months of 2021 its profit amounted to UAH 1.09 billion.
In 2020, the airline’s loss amounted to UAH 4.5 billion, which, according to its data, was primarily due to the industry-wide crisis due to the COVID-19 pandemic. It finished 2019 with a profit of UAH 1.6 billion versus a loss of UAH 2.7 billion in 2018.