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Russian Ban

UPDATE: Russian Airlines will be Worst Impacted by the Ban Imposed by Putin, report

2 mins read

The FINANCIAL — The ban on Russia-Georgia fligts imposed by Russian president will harm both countries, Veritas Global , Geneva based company said. Russian airlines, which offer 76% of the capacity, will be worst impacted and stand to lose $225 million in revenue per year. Georgian airlines will face revenue losses of $61.3 million. “The proposed ban will have negative consequences for both countries, but Russian airlines stand to be impacted the worst” said George Anjaparidze, Veritas Global CEO. Visitors from Russia, which make up about 82% of direct travelers, will experience a loss in consumer welfare of $63 million per year compared to $13.6…

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photo credits: theconversation.com

UPDATE: Russian Airlines will be Worst Impacted by the Ban Imposed by Putin, report

2 mins read

The FINANCIAL — The ban on Russia-Georgia fligts imposed by Russian president will harm both countries, Veritas Global , Geneva based company said. Russian airlines, which offer 76% of the capacity, will be worst impacted and stand to lose $225 million in revenue per year. Georgian airlines will face revenue losses of $61.3 million. “The proposed ban will have negative…