The aviation sector can only recover in 2021 according to an official from the Ministry of Transport. More flights organised after social distancing rules were relaxed Tran Bao Ngoc, head of the Transportation Department under the Ministry of Transport said that the aviation was the hardest-hit. Local airlines have nearly stopped all domestic and foreign flights. After social distancing rules are relaxed, they can also operate cargo and repatriation flights on international routes. The number of domestic flights has also been kept to a minimum. Since April 1, the number of passengers only account for 1-2% of the pre-outbreak days and most planes are grounded. Vietnam Airlines are among the worst-affected firms. Its revenue in the first quarter dropped by 26%. The revenue and profits of the Airports Corporation of Vietnam dropped by 24% and Vietnam Air Traffic Management Corporation saw a 60% drop of revenue compared to the same period last year. “The situation is worse than predicted. In 2020, there will be about 43 million passengers, 46% lower than last year,” Ngoc said. Dinh Viet Thang, head of the Civil Aviation Administration of Vietnam said, “It’s likely than only in mid-2021 that the domestic market will recover to… Read full this story
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