Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

One-way airline tickets from Russia up 27% after mobilization -ForwardKeys

Published 10/03/2022, 10:08 PM
Updated 10/03/2022, 10:25 PM
© Reuters. FILE PHOTO: Russian citizens queue outside a public service centre in the city of Oral, Kazakhstan September 27, 2022. REUTERS/Raul Uporov

NEW YORK (Reuters) - The number of issued one-way flight tickets from Russia increased 27% the week President Vladimir Putin declared on Sept. 21 the country's first mobilization since World War Two, according to flight ticketing data from Spain-based ForwardKeys on Tuesday.

The mobilization of men to fight in Ukraine has prompted thousands of fighting-age men to flee Russia to avoid a draftthat was billed as enlisting those with military experience and specialties but has often appeared oblivious to service records, health, student status and even age.

The data, which compared bookings from Sept. 21 to Sept. 27 to the week prior, shows the share of one-way tickets issued jumped to 73% the week of the announcement compared with 47% the previous week.

"These numbers are quite remarkable and correlate with reports at the time of a sudden increase in ticket sales,” said Olivier Ponti, ForwardKeys' vice president of insights.

© Reuters. FILE PHOTO: Russian citizens queue outside a public service centre in the city of Oral, Kazakhstan September 27, 2022. REUTERS/Raul Uporov

Sixty percent of tickets purchased the week of the announcement had a departure date within 15 days, up from 45% compared with the week prior. The average lead time to departure decreased from 34 to 22 days, the company said.

According to ForwardKeys' air travel booking data, there was a triple-digit increase for the week ended Sept. 27 in one-way tickets from Russia to the cities of Tbilisi, Georgia; Almaty, Kazakhstan; Istanbul, Turkey; Tel Aviv-Yafo, Israel, and Dubai, United Arab Emirates.

Latest comments

What special opertion doing?
the sane russians don't want to fight crazy Putin's war! his army and economy is collapsing! why would russians want putin in power? he is passe!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.