Investment News


It is forecasted that international flight passengers will increase and domestic flights will decrease

22/12/2023

The Department of Aviation predicts that in 2024, the total number of airline passengers will still increase slightly, but mainly comes from the recovery of the international tourist market, while domestic passengers flying next year may decrease by more than 10% compared to this year.

Summing up 2023, the Civil Aviation Authority assesses that Vietnam's aviation market will continue to recover, with many positive signals, especially from the restoration of the international flight network. The domestic aviation market alone has exceeded the number of passengers in 2019 (the year before the COVID-19 epidemic), international visitors are expected to equal 2019's threshold next year.

It is estimated that this year, domestic and international air passengers traveling to/from Vietnam will be approximately 74 million, an increase of 34.5% over the previous year and equal to nearly 94% of the total number of air passengers in 2019.

Of which, the number of international passengers reached more than 32 million, an increase of 1.7 times compared to the previous year and equal to 77% in 2019. Vietnamese airlines have opened many new international routes to India, Kazakhstan, Uzbekistan, Turkmenistan, Mongolia. In addition, flight routes to China and Russia are also gradually recovering, although there are still many limitations.

The Department of Aviation predicts that by 2024, the number of air passengers will reach 80 million (an increase of about 7% compared to this year). Of which, there were more than 38 million domestic visitors, down over 10% compared to this year; International visitors nearly 42 million, up 30.6% compared to this year.

Next year, Vietnamese airlines plan to transport about 58 million passengers, equivalent to this year's number of passengers. Including more than 19 million international visitors, an increase of about 30% compared to this year.

Some aviation experts believe that domestic air customers next year will decrease partly due to the impact of economic and employment difficulties, partly due to air ticket prices remaining at high levels. In particular, from March 1, 2024, the domestic air ticket price ceiling will be adjusted to increase, thereby allowing airlines to continue adjusting the ticket price range to a higher level than this year.

According to tienphong.vn