Fitch Ratings predicts that Vietnamese airlines will recover faster than other countries in Southeast Asia

Fitch Ratings predicts that Vietnamese airlines will recover faster than other countries in Southeast Asia

 - In a report published at the end of September 2020, the international credit rating agency (Fitch Ratings) said that thanks to good control of the Covid-19 epidemic, Vietnamese airlines will recover faster than other markets. in Southeast Asia.

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Fitch Ratings forecasts that the average number of passengers in transit (RPK) of Vietnam's airlines will equal 55% of the baseline in 2020 and reach 90% in 2021. These numbers are more positive than other markets. other schools in Southeast Asia.

According to Fitch Ratings, Singapore Airlines has the strongest RPK reduction in the region, about 70% due to its complete dependence on the international flight network. In 2021, its RPK index is forecast to be less than 50% compared to 2019.

Fitch also expects that, in Indonesia and the Philippines where the risk of Covid-19 remains high, there will be an average RPK of just 35% of baseline in 2020 and 60% in 2021. Thailand and Malaysia are also likely to find themselves in a similar situation, as they will be affected by low international traffic despite improvements in disease control.

In Vietnam, all domestic flights have been resumed, even increasing the frequency to serve the increased travel demand after the second Covid-19 epidemic was controlled and prevented. Some international commercial flights are also being resumed when allowed by the Government.

From September 18, Vietnam Airlines resumed regular commercial flights between Hanoi and Tokyo (Japan). Then on September 25, this airline restored the route Hanoi - Seoul (Korea). From September 30, the airline plans to resume regular flights between Ho Chi Minh City and Tokyo. In the coming time, Vietnam Airlines is expected to re-operate a regular international commercial flight route between Vietnam and China, Taiwan (China), Laos and Cambodia.

On September 21, 2020, Vietnam Airlines recorded the volume of domestic passenger transport reaching nearly 40,000 passengers, an increase of more than 12% over the same period in 2019. The airline has just increased the frequency on 8 domestic routes. Previously, from the beginning of September, Vietnam Airlines restored a series of domestic routes between Hanoi - Chu Lai, Tuy Hoa, between Vinh - Buon Ma Thuot and between Hai Phong - Dien Bien.

From September 29, Vietjet Air has resumed regular commercial flights between Ho Chi Minh City - Tokyo/ Seoul (Korea) and Hanoi - Taipei (Taiwan), with a frequency of 1 round trip/ flights/week. Previously, Vietjet Air had also completely restored its domestic flight network.

Bamboo Airways has restored existing domestic routes and opened many new routes, notably 3 direct flights to Con Dao from Hanoi, Hai Phong and Vinh from September 29, 2020.