Thang said passenger volume through Vietnamese airports reached about 81 million in the 10 months of 2022, with 100 million forecast for the whole year. In 2019, the number was 120 million.

Vietnamese airlines carried 40 million passengers and it is expected that the total number of passengers transported by domestic airlines in 2022 will reach 55 million.

The domestic market has experienced high growth and can be considered one of the best post-pandemic growth markets. However, the international market has only recovered about 50%, said CAAV.

Thang told local media: “The restoration of flight routes in some key markets, especially China, is still facing difficulties due to the Covid-19 pandemic.

“The negotiation to reconnect the flight route with this market is being actively implemented. Some markets such as South Korea, Japan and Taiwan have opened but travel demand is still very low.”

Although the recovery results of international aviation have not been as expected, he calculated: “The bright spot for the international market in the first 10 months is that we have opened the Indian market with a high production volume related to good shipping activities.”

Pham Viet Dung, chairman of the Vietnam Aviation Business Association and chairman of Vietnam Air Traffic Management Corp, said the local aviation market was on the way to recovery but not yet even in all segments.

The domestic market has fully recovered but the international market has recovered very slowly. Domestic passenger transport in 2022 increased by 12% compared to 2019.

On the other hand, international freight transport increased but domestic cargo decreased. Therefore, industry revenue is assessed as disproportionate due to the increase in fuel prices and some input prices, said CAAV.

Currently, businesses in infrastructure transportation have experienced a strong recovery while airlines and passenger transport suppliers still face many difficulties.

In the first half of 2022, Vietnam Airlines Group including Vietnam Airlines, Pacific Airlines and Vasco achieved a net revenue of nearly 30 trillion dong (RM6.2bil) but still lost nearly 5.2 trillion dong (RM990mil).

According to the experts, airlines and passenger transport providers still had to deal with the pandemic’s adverse problems, especially the cashflow imbalance in two years when their operations were mostly frozen.

At the same time, rapidly increasing flights were seen for the coming Tet (Lunar New Year) as local airlines raced to increase 1.7 million seats to supply, including 1.1 million seats from Vietnam Airlines Corp that consists of Vietnam Airlines, Pacific Airlines and Vasco and about 600,000 seats from Vietjet Air. — Viet Nam News/ANN

Source by THESTAR