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Airports of Thailand forecasts 50% fall in revenue, passengers

Airports of Thailand (AoT) said it expects passenger numbers and revenue to fall by 50% in 2020 as a result of the coronavirus crisis.

AoT, which manages six airports including Bangkok’s main Suvarnabhumi, on Wednesday forecast a 50.7% year-on-year drop in revenue for its 2020 fiscal year and a 42.2% fall in 2021.

If a vaccine can be developed and distributed by July next year, the Thai economy can begin to recover after January 2022, then air traffic volumes could return to normal levels by October that year, state-owned AoT said in a statement.

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