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MIAA losses breach P1-B as air travel plummets

The Manila International Airport Authority (MIAA) has incurred over a billion pesos in financial losses due to air travel restrictions arising from the COVID-19 pandemic.

“Our losses are quite large. For now, in our last tally at the end of April, we have recorded over a billion losses in revenues in our airports,” said MIAA General Manager Eddie V. Monreal. 

He blamed the big loss to the sharp decrease in number of commercial flights operating at the Ninoy Aquino International Airport (NAIA). 

From 760 flights a day before the COVID-19 crisis, flights at the NAIA has gone down to as low as 10 flights per day. 

“So now, our airport is now operating with only less than 10 percent of its capacity,” Monreal revealed. 

No arrivals were allowed at NAIA and other international airports in the country for a week, as ordered by the Inter-Agency Task Force for the Management of Emerging Infectious Diseases’s (IATF) and National Task Force for Covid-19.

The suspension of inbound flights aims to give authorities time to reduce the number of quarantined overseas Filipino workers (OFW) staying in Metro Manila and nearby areas. 

Monreal does not expect NAIA operations to normalize for the duration of the ongoing Covid-19 crisis. 

He hopes domestic traffic will increase once the quarantine restrictions in the National Capital Region, or some of its cities, are downgraded to general community quarantine.   

Monreal said the Civil Aviation Authority of the Philippines is drafting guidelines for the partial resumption of domestic flights.

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