Funds airline stops traveling to Moscow

Russians cannot pay for to holiday abroad because of the economic plunge. It appears that a lot of Russians can no more time find the money for to fly — not even on budget flights.

Easyjet mentioned it truly is canceling its flights among Moscow and London, since of “significant and sustained reduction in desire for journey in modern months.”

The decrease has been pushed by a number of factors, including the “macro-political environment, the weakness of the Russian financial system jointly with the tightening of the visa approval method,” the budget European airline mentioned in a assertion. EasyJet has presently reduce the quantity of flights to Russia by fifty percent this summer time.

The Russian economy has been strike challenging by tumbling oil charges and sanctions , imposed on Moscow by Western countries above its involvement in the disaster in Ukraine. Real wages have plummeted and inflation has soared. Formal statistics show that all around 1 in seven Russians is now dwelling underneath the poverty line .

The ruble has slumped 44% in opposition to the dollar in the last twelve months, generating overseas vacation more high-priced for Russians. The European Journey Commission said the number of Russians touring to Europe plunged by as significantly as a third in the first quarter of the year.

“Overseas travel has become high priced for Russian vacationers with traditional hotspot destinations getting the most influenced,” the fee mentioned in a report.

EasyJet is not the only airline having difficulties in Russia. Delta, the only U.S. provider providing a immediate flight amongst Russia and the U.S., is scrapping its flights to Moscow . The Hong Kong-dependent Cathay Pacific has stopped traveling to Russia in June.

Lufthansa, Air France, Qatar Airways and Etihad have all cut down on passenger capacity on flights to Russia.

Tagged as: