Vietnam Airlines Says Losing $10.8 Million in Revenue a Week Due to Virus - News Summed Up

Vietnam Airlines Says Losing $10.8 Million in Revenue a Week Due to Virus


HANOI — Vietnam Airlines said on Thursday it was losing up to 250 billion dong ($10.8 million) per week in revenue due to travel curbs resulting from the coronavirus. The country's flag carrier is reducing operations and trying to cut costs to ride out the impact of the epidemic and "achieve a positive financial result" for this year, it said in an emailed statement. It has suspended all flights to and from mainland China since the end of January, directly affecting 70,000 visitors per month between the two countries, it said. "The epidemic has significantly reduced the travel demand of domestic and international tourists in the Vietnam network," the company said, adding that its passengers on domestic routes have also fallen by 20%-30% over the past two weeks.


Source: International New York Times February 13, 2020 05:26 UTC



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