Vietnam aviation industry to lose 1 billion USD in revenue due to Covid-19
(VOVWORLD) - The Civil Aviation Authority of Vietnam (CAAV) has estimated the Covid-19 epidemic will cause a decline of 15% for the year in the number of air passengers and a lead to a loss of more than 1 billion USD in revenue to local airlines.
 (Photo: hanoitimes) |
At a meeting on Thursday, the agency’s Director Dinh Viet Thang said the CAAV has envisioned two scenarios for Vietnam’s aviation market this year given the impact of the Covid-19 epidemic.
In the first scenario, where the epidemic is contained before April, airlines in Vietnam would handle a total of 67 million passengers, down 15% year-on-year.
But if the epidemic could only be controlled before June, the market is predicted to fall to 61 million passengers, down 22% against last year.