AOT hopes to avoid loss despite slump

2009-7-20

Airports of Thailand (AOT), the country's main airport operator, said on Thursday a slump in passenger numbers and flights because of the global recession and flu pandemic would hammer its revenue this year, Reuters reported.

But it hopes to avoid making a net loss in its business year to end-September by cutting costs, newly appointed President Serirat Prasutanond said.

AOT expected revenue to drop more than 10 percent this year from the US$647 million it made last year.

Source: cargonewsasia
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