Taiwan Taoyuan International Airport to lose money for first time

Wuhan coronavirus to blame for losses but limited to NT$200 million per month due to government aid

Taiwan News
Date: 2020/07/31
By: Matthew Strong, Taiwan News, Staff Writer

Taiwan Taoyuan International Airport could lose money for first time in its 40-year history.  (CNA photo)

TAIPEI (Taiwan News) — Taoyuan International Airport Corporation (TIAC) will lose NT$1.3 billion (US$44.33 million) this year, the first loss in its history, because of the Wuhan coronavirus (COVID-19) pandemic, reports said Friday (July 31).

While Taiwan has not installed a blanket travel ban, many airlines have cut flights due to travel restrictions in other countries and plunging demand for tickets. In recent years, the growth in the number of international visitors to Taiwan had allowed TIAC to book rising income, CNA reported.    [FULL  STORY]

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