Thailand: Airports to avoid losses, AoT chief says

The Airports of Thailand (AoT) is unlikely to post losses in the current fiscal year, despite the devastation caused by the Covid-19 pandemic, says its president, Nitinai Sirismatthakarn. Although the virus outbreak has forced many airports and airlines to shut for several months, AoT's operations during the high season from October 2019 to January 2020 were strong enough to offset losses, he said. Nitinai said that during those first four months of the fiscal year, AoT reported profits of 10.9b baht, adding: "I don't think AoT will see losses this year or the losses will be small. Operations during the first four months were good enough to carry us over the entire year." However, Nitinai said his optimism did not extend to the next fiscal year as the aviation and travel industries were unlikely to recover by the time the high season started in October this year.<br/>