Airport operator profits down sharply
By Anh Tu February 2, 2021 | 10:36 am GMT+7
Aircraft are parked at Tan Son Nhat International Airport in Ho Chi Minh City on April 15, 2020. Photo by VnExpress/Quynh Tran.
The Airports Corporation of Vietnam has reported a 79 percent fall in net profits in 2020 to VND1.7 trillion ($73.9 million).
The company, which runs all 22 civil airports in Vietnam, earned revenues of VND7.8 trillion, down 57.5 percent.
It achieved a loss of VND356 billion in the second quarter, the first quarterly loss since 2016, but saw a revival in subsequent quarters.
The aviation industry will recover in 2021 with the advent of coronavirus vaccines, SSI Securities Corporation has forecast.