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From: =?UTF-8?Q?Cardinal_de_H=c3=a8re?= <cardR@gmail.com>
Newsgroups: fr.soc.economie
Subject: Sanctions russes : Finnair a l'air fin !
Date: Mon, 27 Jun 2022 14:43:51 +0200
Organization: Ordre hospitalier de l'Alephun
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La plus vieille compagnie aérienne du monde, Finnair (de Finlande bien 
entendu) est au bord de la faillite à cause de l'interdiction du survol 
du territoire russe prise en représailles des sanctions contre la 
Russie. Alors qu'il fallait 9 heures pour relier Helsinki à Tokyo il en 
faut maintenant plus de 13 ! Et avec la hausse du prix du pétrole quatre 
heures de vol supplémentaires ça coûte un bras ! Et les compagnies 
chinoises qui sont autorisées à survoler la Russie ont maintenant un 
avantage en terme de temps et d'argent considérable sur les compagnies 
occidentales ! Jouer au con avec la Russie ça finit toujours mal !

(nb : "tit-for-tat" signifie escalade, the tit-for-tat restrictions = 
l'escalade des restrictions)

https://www.rt.com/business/557733-finnair-bankruptcy-sanctions-russia/

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 was for 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 carriers.

The tit-for-tat restrictions have forced airlines in Europe to re-route 
flights, and have deprived some nations of the monthly air navigation 
fees that they used to receive when flights from neighboring states 
passed through their airspace.

Since December 2021, Finnair’s fuel costs have reportedly surged from 
30% to 55% of its total expenses. Apart from a nearly twofold increase 
in prices, the Finnish airline has faced the need to change air routes.

As a result of closing skies Helsinki has lost a key advantage over 
other Scandinavian countries – the shortest distance to China, Japan and 
South Korea. Some flights to the Asia-Pacific region, which had been 
generating for Finnair up to 50% of its profit, were canceled. The 
journey to Japan that previously took about nine hours now takes 13 hours.

Moreover, the loading of Finnair planes has also significantly dropped 
due to the absence of Russian tourists, who used to make up about 20% of 
its passenger traffic. Meanwhile, EU residents have slashed their travel 
spending amid increased economic instability, with a reluctance to fly 
exacerbated by constantly rising cost-of-living expenses.