Airport ground service firm reports $1.4 mln loss

04/05/2021 13:50 6

Airport ground service firm reports $1.4 mln loss

Taseco Air Service JSC, owner of restaurants, duty-free shops and advertising contractor at several airports across Vietnam, has posted a VND31.8 billion ($1.4 million) loss in Q1. -

This is the fourth consecutive quarter that the firm has reported a loss as it goes through one of the most challenging times for the aviation industry. International flights remain restricted after more than a year and the Covid-19 outbreak triggered late January hampered domestic travel recovery.

The firm has targeted VND317 billion in revenues this year, down 12 percent from last year. It expects to suffer a VND83.87 billion loss this year.

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