Speaking at the 2024 Transport Industry Review Conference held on the afternoon of December 30, Mr. Dang Ngoc Hoa - Chairman of Vietnam Airlines - said that the international aviation market continues to recover and grow, but there are still many unfavorable developments such as political conflicts, high fuel prices, strong fluctuations in important currencies; the PW engine recall issue has caused the price of chartering aircraft, spare parts and repair and maintenance costs to increase.
In order to cope with difficulties, according to Mr. Hoa, Vietnam Airlines has continuously reviewed and adjusted products based on the goal of ensuring market share, efficiency, and balancing aircraft resources and take-off and landing slots.
Average operating hours reached 11 hours/train/day, up 25% over the same period and up 7% over 2019; the seat utilization ratio of the entire network increased by 2 points over the same period, reaching 81.7% of the average for the entire network in the year; The slot matching rate was raised to over 90% (5 points higher than the regulations in the Slot Circular), ensuring effective use of the slot fund.
The quality of operation and periodic maintenance of the fleet has been improved, with the on-time performance (OTP) index at 84% and the fleet availability ratio (ARL) at 95%, equivalent to many major airlines in the world.
With the above solutions, in 2024, Vietnam Airlines' production and business activities achieved many positive results.
The flight network has basically fully recovered and grown compared to the pre-pandemic period, with 58 international routes to 30 destinations in 18 countries; 38 domestic routes to 22 destinations.
The total number of flights reached nearly 140,000, an increase of more than 7% over the same period, recovering 95% compared to 2019. The number of passengers transported on the entire network is estimated at nearly 23 million, an increase of nearly 8% over the same period, almost completely recovering compared to 2019 (over 99%).
The parent company's revenue is estimated to reach over VND 84,000 billion, completing the goal of balancing production and business efficiency during the year.
Assessing opportunities for the Vietnamese aviation market in the new year, the leader of Vietnam Airlines said that 2025 is identified as a pivotal year for domestic airlines to develop strongly.
Vietnam Airlines continues to set big goals: Total number of flights reaches over 156,000, up over 12%; Number of passengers transported on the entire network reaches over 25 million, up 12%; Cargo transported reaches over 336,000 tons, up 10%; Parent company revenue is estimated at over 95.6 trillion VND, up over 13% over the same period.
To ensure favorable factors for the acceleration process, Vietnam Airlines leaders proposed to the Prime Minister and coordinate with relevant ministries and branches to issue open and simple policies and mechanisms to support the airline and businesses in the industry to participate in the implementation of the Long Thanh International Airport project.
"A strategy to develop the aviation industry in connection with other industries such as tourism, hotels, services, road transport, etc., along with programs to develop national competitiveness, also needs to be built so that the aviation industry becomes a spearhead, connecting with other industries," said the Chairman of the Board of Directors of Vietnam Airlines.
