Report by : Gan Yung Chyan, KUCINTA SETIA
According to the Mongolian Ministry of Transport Development, Minister of Transport Development Lu Haltar, Director of the State Property Policy and Supervision Bureau Bei Qingle and others met recently to exchange views and comments on the financial situation of MIAT Mongolian Airlines and the measures to be taken in the future.
Affected by the covid epidemic, MIAT’s international flights have been grounded, and passenger revenue has declined. In the past 20 months, the company has mobilized resources to cover fixed expenses such as aircraft leasing, maintenance, and insurance, and has maintained its business by reducing salaries, investment, and indirect flight costs and other savings rules.
In 2019, MIAT carried a total of 788,500 passengers, an increase of 21,500 compared with the plan, an increase of 69,700 compared with the previous year; the volume of freight decreased by 759.7 tons compared with the plan, and a decrease of 59.8 tons compared with the previous year. Affected by the global epidemic, MIAT has suspended international flights from February 2020, resulting in a loss of 58 billion tugriks in 2020 and a loss of 35.2 billion tugriks in the first half of 2021.
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