The report by Fitch Ratings estimates that the average revenue passenger kilometers (RPK) of Vietnamese airlines this year will reach 55 percent of last year’s figure.

A Vietnam Airlines aircraft prepares to land at Tan Son Nhat International Airport in Ho Chi Minh City.

RPK is an airline industry metric that shows the number of kilometers traveled by paying passengers. The RPK of Vietnamese airlines was 77.9 billion last year, up more than 11 percent year-on-year, according to the General Statistics Office.

The ratio of 55 percent forecast for Vietnamese carriers this year is higher than the 35 percent estimated for most airlines in other ASEAN countries like Indonesia, the Philippines, Thailand and Malaysia.

The report also forecasts that by 2021, Vietnamese carriers will record an average RPK of 90 percent of 2019, compared to 60 percent for the aforementioned ASEAN countries, showing that the former will stage faster recoveries from pandemic impacts.

Singapore Airlines might record the lowest comparative figures among ASEAN members at 30 percent and 50 percent of 2019 in 2020 and 2021, respectively, the report says.

In Asia, China could be the fastest recovering market, thanks to its success in containing the pandemic. Chinese carriers could reach 60 percent and 100 percent of 2019 levels in 2020 and 2021, respectively.

The corresponding ratio for carriers in India is pegged at 35 and 60 percent.

The report says these forecasts are based on the assumption that a vaccine or treatment will not become available at scale in 2021, but that progress is made in controlling the pandemic.

Vietnamese carriers resumed most their domestic routes and several international routes by the end of last month.

National flag carrier Vietnam Airlines is operating nearly 200 domestic flights a day on average. It has also resumed flying to Japan and plans to reopen routes soon to South Korea, mainland China, Taiwan, Laos and Cambodia.

Budget airline Vietjet is operating nearly 160 domestic flights a day and has also resumed flights to South Korea.

Bamboo Airways has resumed flights to Taiwan and South Korea and plans to open routes to Japan, Singapore and Australia later this year.

Vietnam's first int'l commercial flight in six months takes off amid pandemic

A Hanoi-Tokyo flight, Vietnam's first international commercial flight after six months of suspension due to the Covid-19 pandemic, carried over 100 passengers to Japan Saturday morning.

International commercial flights resumed from September 15

Regular international commercial flights between Vietnam and several countries have been resumed from September 15, as approved by Deputy Prime Minister and Foreign Minister Pham Binh Minh.

Vietnam yet to resume international flights

The Ministry of Transport said Vietnam would not resume regular commercial flights internationally starting Tuesday, despite earlier suggestions to do so.

Vietnam requires seven-day centralized quarantine for foreigners as it resumes flights

Some foreigners entering Vietnam on commercial flights resumed this month will be required to undergo centralized quarantine from five to seven days.

Vietnam works to ensure safety in anticipation of resumption of int'l flights

The National Steering Committee for Covid-19 Prevention and Control on September 9 discussed how to ensure safety as the country is about to resume certain international flights from September 15.

Source: VnExpress