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By Alex Lennane
More details have emerged on Volga-Dnepr UK’s financial position, after the administrators filed a new report.
Perhaps surprisingly, Volga Dnepr UK widened its losses in 2020, in what was generally a good year for cargo carriers.
According to the administrators: “Between 2019 and 2020, revenue increased by $120m to $191m, with loss before tax and interest increasing by $54m, from -$1m in 2019 to -$55m in 2020.
“It is noted there was a significant deterioration in profitability in the year to 2020; however, ...
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