Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting channels to discuss issues affecting commercial aviation.
The closure of Russian airspace to Finnish airlines is hitting Finnair hard as the majority of the flag-carrier’s pre-COVID revenues came from long-haul flights to Asia that overfly Russian territory.
Lufthansa group subsidiaries Austrian Airlines, Brussels Airlines and SWISS all reported increased revenues and substantial reductions in annual losses as cost-reduction plans and fleet re-evaluations have taken hold.
