Hong Kong International Airport sees profit drop

COVID-19 and 2019 protests cut into revenues and traffic.

Hong Kong International Airport has allmost completely shut down due to the COVID-19 coronavirus pandemic. (PHOTO: Shutterstock)

Hong Kong’s Airport Authority said Wednesday (24 June) that Hong Kong International Airport saw a 30 percent drop in profits to HK$5.89 billion (US$760 million) in the 2019-2020 financial year ending 31 March, its lowest in seven years, as the airport dealt with months of anti-government protests last year and is now dealing with the fallout from the COVID-19 pandemic.

To download the report, click on the image.

Hong Kong International Airport, which is Asia’s top cargo airport, has seen passenger levels fall through the floor as Hong Kong and other destinations impose quarantines on incoming passengers or bar them altogether. The airport handled 71.5 million passengers and 4.8 million tonnes of cargo in 2019. In the first five months of this year, just 8.2 million travellers passed through the airport, representing a drop of 73.8 percent.

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