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Vietnamese carriers wrestle to retain slots in declining market

HANOI, July 28 (Xinhua) — Vietnamese carriers are scuffling with slot retention in a declining market with some airways having to function flights with low seat occupancy to maintain the slots, in line with the Civil Aviation Authority of Vietnam (CAA).

The aviation market has not totally recovered to the pre-pandemic stage and airways have struggled to retain slot utilization charge at overseas airports, which is a problem on account of low market demand, native newspaper Vietnam News reported on Friday, citing CAA’s director Dinh Viet Thang.

According to Dinh Viet Phuong from Vietjet, airways are dealing with difficulties because the variety of flights elevated, however the variety of passengers didn’t, and the seat utilization ratio decreased to low buying energy and low demand.

The variety of worldwide guests elevated in comparison with 2022 however had not reached the pre-pandemic stage, he stated.

The touring demand from Northeast Asia was under expectations with some flights from Japan having occupancy charges of solely 40 %, although it’s meant to be peak season, he stated.

Vietnam’s aviation market served about 34.7 million passengers within the first half of this yr, up 49.6 % year-on-year, in line with the CAA. The worldwide passengers totaled 14.7 million, equal to 73.5 % of the identical interval in 2019.