Mactan Airport Positive Aviation Industry Will Recover Soon

The coronavirus disease 2019 (COVID-19) pandemic halted almost all means of transportation all over the globe. Airplanes, which are usually seen in the sky are now parked and idled at airports and hangars due to the suspension of air travel.

Despite the uncertainty on when COVID-19 may be curbed, Megawide Construction Corporation is still hopeful that air travel will soon recover.

“The situation we are in is unprecedented but we remain in high spirits for the company’s prospects moving forward. This is the reason why we are building our runway for the future, which we envision to propel us to even greater heights in the years to come,” said Megawide chairman and chief executive officer Edgar Saavedra in a statement.

The Mactan Cebu International Airport (MCIA) had lost 50.6% in revenue due to the pandemic.

MCIA revealed that in the first 6 months of 2020, their earning dropped to P888 million compared to P1.8 billion in the same period last year. Merchandising revenue during the pandemic is only P69.

MCIA also shared that the passenger volume also dropped in the first 6 months of 2020. In the first half of 2020 there were only 742,000 and 1.7 million compared with 2.1 million and 4.3 million for the international and domestic flights.

Meanwhile, passenger traffic in the first half of 2020 was only 2.4 million, 61% lower than the 6.3 million compared to the same period last year. (MLC)