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By Greg Waldron2021-05-03T03:57:00+01:00
Vietnam Airlines saw significant losses during the first quarter of 2021 owing to Covid-19.
The SkyTeam carrier’s after-tax loss ballooned to D4.6 trillion ($198 million) for the three months ended 31 March, compared with a D1.8 trillion after-tax loss a year earlier, says the airline.
Source: Vietnam Airlines
A Vietnam Airlines A321neo
On a consolidated basis, after-tax losses were D4.96 trillion, while total revenues fall 64% to D8.5 trillion. Consolidated figures include the main airline, Cambodia Angkor Air, Pacific Airlines (formerly Jetstar Pacific), and VASCO.
With Vietnam all but entirely cut off from the world amid the coronavirus pandemic, international revenues were down 97% year on year. The carrier was able to reduce expenses by 41% year on year.
Vietnam Airlines once again calls for setting minimum fares
By Thuy Tien April 6, 2021 | 10:02 am GMT+7
A Vietnam Airlines aircraft lands at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by Shutterstock/EQRoy.
Vietnam Airlines wants aviation authorities to set floor fares and increase the ceiling, saying it would ensure fair competition among carriers.
In a proposal it sent
to the Civil Aviation Authority of Vietnam, it wants the fare ceiling to be increased by VND50,000-250,000 ($2.17-10.86), and minimum fares to be 35 percent of the ceiling, or VND787,500-1.01 million.
It claimed having minimum fares would ensure fair competition among airlines and help them overcome the hardship caused by the Covid-19 outbreak, but said they could be scrapped once the aviation industry recovers from the pandemic.
New routes and deals offer impetus for domestic airlines 14:33 | 10/03/2021
Vietnamâs aviation market is trying to warm up rapidly as the world tries to move back to some kind of normality in the face of vaccine arrivals and successful domestic human vaccine trials.
Passengers were delighted to take the first flight to Van Don International Airport after a month of halted operations
Leading airlines such as Vietnam Airlines, Vietjet, and Bamboo Airways are increasing the number of new flights and hot deals for their traditional routes around the country along with efforts to apply early COVID-19 vaccines for their pilots and crews.