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Bamboo Airways posted an accumulated loss of VND3.2 trillion ($136 million) last year, higher than that of Vietnam Airlines and Vietjet. Although the company saw revenue tripling to VND11.73 trillion, costs still exceeded that figure due to difficulties in…
Vietnam Airlines’ HVN shares will see trading restrictions from May 12 for failure to file its results in time. The carrier has been more than 30 days late in submitting its audited consolidated financial statements for 2022, the Ho Chi Minh Stock Exchange…
Vietnam Airlines and Vietjet Air reported profits again in the first quarter of this year, while Bamboo Airways neared the break-even point, thanks to the Tet travel peak. Analysts said increased international flights due to Vietnam’s Lunar New Year holiday…
AirAsia X (AAX) continues to expand its China network with two weekly flights to Beijing restarting last week after almost a three-year pause. The flight from Kuala Lumpur lands at Beijing Daxing International Airport at 0105, while the return flight from…
Malaysian long-haul low-cost AirAsia X is returning to recovery, reporting improvements in revenues, profits, and costs after some very difficult years during the Covid crisis. The carrier expects to benefit this year from the relaunch of its most profitable…
AirAsia parent company Capital A expects China’s reopening to international travelers in January to drive the recovery of its airlines this year. AirAsia’s four airlines — Malaysia-based AirAsia, Indonesia AirAsia, Philippines AirAsia, and affiliate Thai…
Airlines and some experts have proposed hiking and eventually removing domestic airfare caps to support businesses in difficult times. Last year, no domestic airlines were profitable because of higher fuel costs, foreign exchange rates, and interest rates,…
Cebu Pacific is set to restore 100% of its pre-Covid network and capacity by March 2023. It now flies to 34 domestic destinations and is set to bring back all its 25 international destinations before the end of the first quarter. To support the return of…
Vietnam Airlines and Vietjet incurred losses of VND10 trillion (US$423.7 million) and VND2.17 trillion last year mainly due to higher fuel prices and forex volatility. Vietnam Airlines reported consolidated revenues of VND71 trillion, higher than the combined…
Rookie carrier Vietravel Airlines wants to gradually increase its charter capital nearly sixfold to VND7.64 trillion ($323.66 million) by 2025. The airline recently made this proposal to the government after two years of operating with a charter capital of…
Vietnam Airlines reported a loss of VND10.09 trillion ($430.3 million) last year and blamed it on rises in fuel prices and exchange rate volatility. Its revenues were worth around VND71 trillion, equivalent to 70% of revenues in 2019 before the Covid-19…
If you plan to travel to any destination in India within September 2023, we have an exciting surprise for you. If you feel like flight tickets are more expensive than your budget, you might be surprised to see the new AIX Connect prices. What is this new…
Stocks of Vietnam Airlines, Vietjet and other companies in the aviation industries have surged as the resumption of flights to China amid its relaxed Covid-19 policy boosted investors’ sentiment. HVN of state-owned Vietnam Airlines closed last week at a…
In March, AirAsia launched a subscription service called Super+ that provides unlimited flights in Malaysia and across the ASEAN region as one of its main attractions. Fast forward to today, the service has been revamped to include long-haul flights from…
After much anticipation, it’s been revealed that new Malaysian low-cost carrier MYAirline will begin flying in December 2022, with reports having confirmed approvals from the Malaysian Aviation Commission (Mavcom) and Civil Aviation Authority (CAAM) for the…
Bamboo Airways posted a loss of VND3.54 trillion ($142.38 million) in the first nine months, exceeding the total loss it recorded last year by 54%. Its loss has been increasing this year, from VND691 billion in the first quarter to VND1.39 trillion in the…
