Airports of Thailand expects passengers to decline by more than 50% [Reuters]
AIRPORT OF THLND UNSP/ADR (AIPUY)
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Source: Reuters
Airports of Thailand expects passengers to decline by more than 50% BANGKOK (Reuters) - State-owned Airports of Thailand Pcl ( AOT.BK ) said on Wednesday it expects the number of passengers passing through its airports to decline by 53% this year due to the outbreak of the new coronavirus. Airports of Thailand (AOT) expects the number of passengers to drop to 66.58 million and the number of flights to decline by 44.9% to 493,800 for its fiscal year ending in September. AOT, which operates six airports including the country’s largest international hub, Suvarnabhumi Airport, saw nearly 900,000 flights and 141.8 million passengers in the year ended September 2019, booking profits of 25 billion baht ($773 million). The airport operator said that recovery of air traffic and passenger volume would depend on multiple factors, including how countries manage the outbreak, prevention methods and the discovery of a vaccine. “The recovery of the aviation business will rely on destination countr
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