China News Service, April 26. Incheon International Airport Commune, which is expected to have an annual operating profit of about 1 trillion won, will suffer its first loss in 17 years this year, according to the Korea International Radio (KBS).
The Incheon International Airport Commune said on the 23rd that it expects an operating loss of about 16.3 billion won this year.
In 2019, Incheon International Airport Corporation's sales amounted to 2.7 trillion won, its operating profit was 1.2 trillion won, and its net profit reached 866 billion won.
At Incheon International Airport in South Korea, the number of inbound personnel has decreased significantly, and many counters have been closed. China News Service reporter Zeng Nashe
Since the opening of Incheon Airport in 2001, annual aviation demand has increased by 6% to more than 7%. From 2004 to last year, it has remained profitable for 16 consecutive years.
However, affected by the new Coronary Pneumonia epidemic, the number of passengers has decreased from an average of more than 200,000 people per day to more than 2,000 recently, a record low.
The Incheon International Airport Commune expects this year's airport passengers to decrease by 79.8% from last year's 71.16 million to 14.26 million. Aviation demand has plummeted, and sales this year are expected to be only 1.7730 trillion won, a 36% year-on-year decrease. As a result, there will be a loss of 16.3 billion won this year.