Vietnam’s 1H passenger growth slows, on-time performance dips
After years of consecutive double-digit growth, Vietnam’s aviation sector is seeing a slowdown in passenger traffic for the first half of 2019, compared to the year-ago period. In a report card released by the CAAV, 72 airlines carried 20.2m international passengers, up 12.5% year-on-year. However, despite the double-digit growth, it was slower compared to 26% in 1H 2018. The trend was the same for the domestic market, where Vietnam’s 5 carriers fly 33 routes across 22 airports. For 1H 2019, a total of 18.3m passengers were carried, up 6.2% YOY, but down 2.7% when compared to the 9% growth for the year earlier. While the CAAV has not cited a direct underlying source for the decline, local international airports could be coming to terms with its massive influx of traffic and could be near capacity. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-25/general/vietnam2019s-1h-passenger-growth-slows-on-time-performance-dips
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Vietnam’s 1H passenger growth slows, on-time performance dips
After years of consecutive double-digit growth, Vietnam’s aviation sector is seeing a slowdown in passenger traffic for the first half of 2019, compared to the year-ago period. In a report card released by the CAAV, 72 airlines carried 20.2m international passengers, up 12.5% year-on-year. However, despite the double-digit growth, it was slower compared to 26% in 1H 2018. The trend was the same for the domestic market, where Vietnam’s 5 carriers fly 33 routes across 22 airports. For 1H 2019, a total of 18.3m passengers were carried, up 6.2% YOY, but down 2.7% when compared to the 9% growth for the year earlier. While the CAAV has not cited a direct underlying source for the decline, local international airports could be coming to terms with its massive influx of traffic and could be near capacity. <br/>
