Vietnam Airlines may face liquidity shortage from coronavirus impact

Reuters has reported Vietnam Airlines may face a liquidity shortage due to the coronavirus pandemic, the news source said.

The Vietnam flag carrier said the liquidity shortage could come late next month.

Though Vietnam Airlines has contained its own outbreak and its airlines are quickly restoring and expanding domestic operations to meet growing demand, a ban on international commercial flights is still in place.

Vietnam Airlines said the company will lose VND 50 trillion (USD 2.16 billion) in revenue this year due to the impact of the pandemic.

The government is exploring measures to help the airline, in which the government holds the controlling 86.19% stake.

The government has agreed to resume commercial flights to and from China after months of closure due to the coronavirus pandemic, but the frequency and timing of flights was still being discussed.