During the first half of August, the average airfare offered by airlines fluctuated between 35-65% of the maximum regulated fare.
According to the Civil Aviation Authority, airfares in early August are lower than regulated. Photo: Duy Hieu.
According to a survey by the Civil Aviation Authority of Vietnam (CAAV) on July 31, base economy class airfares (excluding taxes and fees) on major domestic routes are currently at low levels.
Specifically, on the “golden route” from Hanoi to Ho Chi Minh City, the highest fare offered by Vietnam Airlines is around VND 2.2 million per one-way trip, equivalent to 65% of the maximum regulated fare of VND 3.4 million.
On other days and at different departure times, ticket prices are significantly lower. The lowest fares, offered by Vietravel Airlines, are around VND 750,000 per one-way trip, which is about 26% of the maximum fare.
Another major North-South route, Hanoi to Da Nang, also sees high-frequency operations by domestic airlines. According to the CAAV survey, the highest fares on dates close to the survey (August 1 and 2) offered by Vietnam Airlines and Vietjet Air are around VND 1.6 million per one-way trip, which is approximately 56% of the maximum fare.
For departures scheduled further in advance, fares drop significantly across all airlines, with some dates offering fares around 25% of the maximum. Notably, Vietravel Airlines offers fares as low as VND 300,000 per one-way trip, equivalent to 12% of the maximum fare.
Another domestic route that garners significant interest during the summer and tourism season is the Hanoi to Cam Ranh (Nha Trang) route. The highest fare on this route, recorded on the weekend of August 3, was nearly VND 2.5 million per one-way trip (72% of the maximum fare), offered by Vietnam Airlines during the 9 AM to 5 PM time slot.
For this route, Vietjet Air is offering the lowest average fares during many of the survey period’s travel days, with prices starting at 25% of the maximum fare.
Meanwhile, the Hanoi to Da Lat route maintains stable prices throughout most of the survey period.
For the nearest departure date (August 2), Vietnam Airlines offered fares around VND 2.9 million during daytime hours, equivalent to 80% of the maximum fare. On other days throughout the period, fares fluctuated between 30-40% of the maximum.
Vietjet Air’s fares during this period were significantly lower than the maximum fare, ranging from VND 800,000 to VND 1.1 million, or 24-30%. Bamboo Airways also operates on this route, with fares ranging from 25-50% of the maximum fare.
The longest domestic tourism route in Vietnam, Hanoi to Phu Quoc, is currently operated by Vietnam Airlines and Vietjet Air. The maximum regulated fare for this route is VND 4 million.
According to the CAAV’s findings, Vietnam Airlines’ highest fare is VND 3.05 million, equivalent to 76% of the maximum fare (for a morning departure on August 8). For other travel dates within this period, both Vietnam Airlines and Vietjet are offering fares at 30-50% of the maximum.
For early morning or late evening departures on dates further out, Vietnam Airlines has fares starting at 27% of the maximum (on August 13-14), and Vietjet Air offers fares starting at 20% of the maximum (from August 6-15).
Overall, when comparing fares with the time of day, daytime flights, especially between 9 AM and 12 PM, tend to have higher average fares than other time slots (early morning or late afternoon).
However, the CAAV notes that certain localities like Ho Chi Minh City and travel agencies have launched programs that provide accommodation support for passengers choosing to fly during late-night hours. This not only offers passengers more options and helps reduce travel costs, but also alleviates daytime transport pressure for airlines.
“Based on the analysis of survey data on economy class airfares on domestic routes from August 1-15, it can be seen that airlines are still offering tickets at relatively low prices compared to the maximum regulated fare,” the CAAV confirmed.
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Source: Vietnam Insider