Domestic aviation industry poised for full recovery in late 2024
Vietnam’s aviation market is expected to fully recover in late 2024, closely tied to the positive trajectory of the Asia-Pacific, according to the Civil Aviation Authority of Vietnam (CAAV).
Vietnam’s aviation market is expected to fully recover in late 2024. (Photo: VNA)
Hanoi (VNA) – Vietnam’s aviation market isexpected to fully recover in late 2024, closely tied to the positive trajectoryof the Asia-Pacific, according to the Civil Aviation Authority of Vietnam(CAAV).
The agency cited the International Air TransportAssociation (IATA) as saying that the global aviation industry is forecast tomake a full recovery by the end of this year, with the Asia-Pacific to report anet profit of 1.1 billion USD in the year.
The Vietnamese aviation sector would serve about84.2 million passengers this year, up 15% from 2023 and 6% from 2019 when theCOVID-19 pandemic broke out.
Of the volume, the number of internationalpassengers is set at 42.7 million, representing increases of 15.8% and 6.4% ascompared with 2023 and 2019, respectively.
Meanwhile, the industry would handle 1.16 milliontonnes of cargo in 2024, up 8.5% year-on-year and equivalent to 92.2% of the2019 figure, the CAAV added.
Domestic air carriers said they will operate about33,800 flights during the Lunar New Year (Tet) holiday, or between January 24 andFebruary 2, up 14% year-on-year and 21% as compared with normal days.
There will be some 24,200 domestic flights,representing increases of 2% from the same period last year and 27% comparedwith normal days; and 9,600 international flights, up 60% and 9% respectively.
The busiest routes include Hanoi-Ho Chi Minh City,HCM City-Da Nang/Vinh/Dong Hoi/Quy Nhon/Chu Lai/Thanh Hoa/Hue/Tuy Hoa, and Can Tho-Vinh, and viceversa.
The airlines expect to fly 7.2 million passengersduring Tet, the biggest holiday in the year in Vietnam, of them more than 5million domestic, up 4% year-on-year./.
Domestic air carriers said they will operate about 33,800 flights during the Lunar New Year (Tet) holiday, or between January 24 and February 2, up 14% year-on-year and 21% as compared with normal days.
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Vietnam’s aviation market is expected to fully recover in late 2024. (Photo: VNA) 
