2020.03.19 12:00

Lithuania's air traffic to drop by 90 percent

Roma Pakėnienė, BNS 2020.03.19 12:00

Air traffic in Lithuania is set to decrease by 90 percent next week, according to the state-owned air navigation service, Oro Navigacija.

"We have a 50 percent year-on-year decline in the number of flights we serve today and tomorrow, and we'll have minus 75 percent at the end of the week and minus 90 percent next week," said Dangirutis Janušas, chairman of the board at Oro Navigacija.

"We are facing major challenges, because we don’t want to fire people," he added.

Under international regulations, air traffic control companies share the risk with airlines, and Oro Navigacija expects to recover lost revenue within two years. However, is unclear whether hard-hit airlines will be willing to share profits in the future, according to Janušas.

Oro Navigacija's management board approved on Wednesday the company's 2019 performance results which the chairman described as "very good". The company has accumulated a reserve that will be used during the crisis period, he said.

Oro Navigacija CEO Mindaugas Gustys told BNS on Monday that the state-owned company expected the situation to sharply worsen this week amid flight cancellations by Air Baltic, LOT, SAS, Wizz Air and other carriers.