Live Breaking News & Updates on Xinhua Riga International Airport

2021-05-21 18:35:54 GMT2021-05-22 02:35:54(Beijing Time) Xinhua English
RIGA, May 21 (Xinhua) Riga International Airport closed 2020 with a loss of 15.85 million euros (19.3 million U.S. dollars) as the COVID-19 pandemic disrupted global air traffic, grounding most commercial flights, the airport said in the annual audited report released on Friday.
Last year, Riga Airport received 2.01 million passengers, which was 5.8 million people, or 74 percent below the original target. The number of flights handled by the airport fell by 59 percent from 2019 to 35,000 flights.
The airport s net turnover shrank by 54 percent year-on-year to 29.8 million euros in 2020, down from nearly 65 million euros in 2019.
Although the high share of fixed costs can hardly be reduced without affecting the airport s ability to operate, the airport managed to cut its expenses by 30 percent, or 14.6 million euros last year, noted the report. As a result, Riga Airport s loss last year ....

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