AIRLINE passenger traffic for Vietnamese carriers will recover faster than in other Southeast Asian markets, thanks to the country’s low incidence of COVID-19.
The Fitch Ratings report, as quoted from e.vnexpress.net, said estimates that Vietnam airlines’ average revenue passenger kilometers (RPK) this year will reach 55% from last year’s figure.
RPK is an aviation industry matrix that shows the number of kilometers traveled by airplane passengers. According to the General Statistics Office, Vietnam airlines’ RPK reached 77.9 billion last year, up more than 11% on an annual basis,
The estimated 55% ratio for Vietnamese airlines this year is higher than the 35% forecast for most airlines in other ASEAN countries such as Indonesia, Philippines, Thailand and Malaysia.
The report also predicts that by 2021, Vietnamese operators will record an average RPK of 90%, compared to 60% for the aforementioned ASEAN countries, due to a faster recovery from the impact of the pandemic.
Singapore Airlines probably recorded the lowest ratio among Asean members at 30% and 50% in 2020 and 2021 respectively compared to 2019.
In Asia, China could be the market with the fastest recovery, thanks to its success in overcoming the pandemic. Chinese operators can reach 60% and 100% in 2020 and 2021 compared to 2019. [antaranews/photo special]