The Vietnamese aviation market is recovering despite ups and downs

During the holiday period (from February 8 to 14), international travel was about 748,600, a figure 54 percent higher than the same period in 2023, according to the Civil Aviation Authority of Vietnam (CAAV, acronym for English).

National passenger transport, on the other hand, recorded a decline of 13.2 percentage points compared to the previous year with 762,400,000 passengers. However, the transfer of holidaymakers by plane grew by 11 percent overall compared to the previous year.

On the other hand, and according to the source itself, the total number of takeoffs and landings at Vietnamese airports during Tet celebrations exceeded 14,500, but was 0.7 percent lower than the same period. 2023.

In information published on its website, the CAAV stated that passenger and cargo transportation activities by air began to increase from February 1, 2024, as every year.

He, however, explained that in the first four days of this February, there were unusual weather developments in the northern region due to fog and low cloud cover, but the negative impact on flight operations was minimized.

In the following days and during the holiday season, passenger and cargo transportation activities ran smoothly and continuously without causing any congestion at airports, he noted.

At the end of January, the CAAV announced that, according to the International Air Transport Association (IATA), the global market for this item will fully recover by the end of 2024, while the Asia-Pacific region could halt losses and achieve a profit of around 1.1 Billion dollars.

In the case of Vietnam, which was severely affected by Covid-19, the domestic market gained strength last year and grew compared to the pre-pandemic period, but the international market was slower to recover.

By 2024, demand for air transportation in this Indochinese country is estimated at 84.2 million passengers, 15 percent more than last year and an increase of six percentage points compared to 2019.

The transfer of domestic travelers will reach about 41.5 million people, an increase of 3.3 percent compared to 2023 and 11 percent compared to 2019, while the transfer of foreign travelers could reach about 42.7 million, representing growth of 15.8 and 6.4 percent respectively.

jcm/mpm