MIAA losses hit P1B

The Manila International Airport Authority (MIAA) said it has significantly lost revenues because of travel restrictions arising from the pandemic.

The operator of the Ninoy Aquino International Airport on Thursday reported that its losses had reached P1 billion.

MIAA General Manager Ed Monreal said that the authority generates income from landing and takeoff fees, parking fees, airport tax or terminal fee, general aviation hangars, food kiosks and accredited taxi operators.

In March 2020, the Department of Transportation (DOTr) deferred the payment for landing, takeoff, and parking fees of local airlines to cushion the economic impact wrought by the Coronavirus pandemic.

The airlines will pay the charges once the enhanced community quarantine is lifted.

Before the implementation of the ECQ, there were about 40 foreign and local airlines with international destinations operating at Terminals 1, 2, and 3, and 7 domestic carriers at Terminals 2, 3 and 4.

The only flights operating now are cargo flights, sweeper flights to ferry stranded tourists, maintenance flights, and medical evacuation flights.

Following the extended implementation of the ECQ, major airlines such as the Philippine Airlines, Cebu Pacific, AirAsia Philippines suspended all their domestic and international flights up to May 15.