LONDON – In a recent turn of events, the Ukrainian airlines are experiencing a significant surge in airfares as the tensions between Ukraine and Russia.
This has reached new magnitudes with Russia moving its 100,000 troops close to the Ukraine border instigating a potential all-out Russian invasion.
As the threat is looming over Ukraine and numerous civilians are attempting to flee the country, airlines are now reacting to this threat with a massive surge in ticket prices, which has crossed beyond 131% more than the regular prices.
Some major European airlines like KLM, Lufthansa, Austrian and Swiss have already started altering their schedule and avoiding overnight parking at the Kyiv Boryspil International Airport (KBP), while other airlines have already announced flight cancellations from the country.
According to the watchdog, Lufthansa, Swiss, Austrian and Ukraine International Airlines has each hiked the fares substantially, with Austrian Airlines offering a one-way KBP to New York (JFK) fare of US$795 with further increase on a consecutive day to US$839.
While Lufthansa is offering the same route face at a price between US$790 to US$834, Swiss Air is offering the same at a range of US$499 to US$455.
The volatile situation in Ukraine has forced airlines to rethink and replan their schedules and operate the flights at higher risk of potential war.
But these airlines have reported that the flights will operate as per schedule with no signs of flight cancellations or suspension, but the situation will be monitored closely, and further necessary steps will be taken with emphasis on passenger safety and security.