Vietnam Airlines achieves slow growth | Welcome to Vietnam

Vietnam Airlines achieves slow growth | Welcome to Vietnam
The number of passengers and cargo volume for domestic airlines continue to fall, according to news reports.
The number of passengers and cargo volume for domestic airlines continue to fall, according to news reports.
In the last four months, total numbers of passengers tumbled 2.3 percent to 3.81 million compared with the same period last year, according to Dau Tu (Investment) newspaper.
In April alone, passengers dropped by 2.5 percent from March to 924,840 or 6 percent lower than last year’s April figure.
The national flag carrier, Vietnam Airlines, which gets the lion’s share of the domestic aviation market (76 percent), reveals that several important targets have not been achieved.
VNA general director Pham Ngoc Minh said that the number of passengers on domestic routes in April totalled more than 687,000, or 88 percent of the set target.
The figure was down by 2.6 percent compared with the March figure, and by 4.9 percent against the same period last year.
The percentage of seats occupied on domestic flights was only 79.1 percent, a year-on-year decrease of 2.3 percent, which is 2.1 percent lower than the set target.
To cope with the downward trend, especially during the off-peak season, Vietnam Airlines is preparing to cut the number of flights to reduce costs.
The three remaining airlines, Mekong Air, VietJet and Jetstar Pacific, have not released any business results, but statistics show that they also saw drops in passengers and cargo, according to a representative from Vietnam Airlines.