Finnair is nearly broke after ban from Russian skies

The airline incurs financial losses from having to fly around the world’s biggest country

Finland’s flag carrier Finnair has reportedly become the latest casualty of the sanctions war between Russia and the West. The airline suffered heavy financial losses due to the forced necessity to fly around Russia, after the country closed its airspace in retaliation to Western sanctions.

Since the beginning of 2022, the operating loss of one of the world’s oldest airlines amounted to €133 million, of which €51 million in expenses fell on fuel costs, the Finnish newspaper Helsingin Sanomat reports.

EU countries and a number of other Western states closed their airspace to Russian flights after Moscow launched its military operation in Ukraine in late February. Russia responded in kind, banning the airlines of 36 states and territories from its skies and, in so doing, closing the traditional routes from Europe to Asia to Western…

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