Airfare remains high during the peak summer months from July to September, with no cheap tickets available even when booked 2-3 months in advance.
Peak summer ticket prices show no signs of “cooling down”. Photo: Department of Aviation.
Due to the increasing trend in airfare prices during the first four months of the year, many people have already planned to purchase tickets for their summer travels. However, despite booking in advance, airfare prices during the peak summer period from July to September remain high and are predicted to continue rising.
Ms. Ngoc Anh (from Thu Duc District, Ho Chi Minh City) estimated that her family of four would spend around 15-20 million Vietnamese dong on airfare, whether traveling back to their hometown or for leisure trips during the summer.
“In previous years, I could find cheap tickets and only spent about 10 million dong for the whole family. This year, despite carefully checking ticket prices early on, I couldn’t find any cheap tickets. Therefore, I have to consider alternative modes of transportation because I can’t afford the airfare,” added Ms. Ngoc Anh.
Specifically, during the survey period from July 1st to 5th, the cheapest fare for the Ho Chi Minh City – Hanoi route was 3.5 million dong round trip with Vietjet. Flying with Vietravel Airlines, Bamboo Airways, and Vietnam Airlines would cost passengers 4-5 million dong. These prices continue to remain high for the next two months of the summer season.
For the Ho Chi Minh City – Vinh route, prices range from 3.2-4 million dong with Vietjet, Vietnam Airlines, and Bamboo Airways. However, traveling to Thanh Hoa costs slightly higher, ranging from 3.2-4.2 million dong with fewer flights available from Vietjet and Vietnam Airlines.
The Ho Chi Minh City – Da Nang route has the cheapest fare at 2.3 million dong round trip with Vietravel Airlines, followed by Vietjet at 2.5 million dong. Bamboo Airways and Vietnam Airlines offer fares ranging from 2.7-3.5 million dong.
Round-trip fares from Ho Chi Minh City to tourist cities like Quy Nhon/Nha Trang/Phu Quoc/Con Dao continue to show no signs of cooling down.
For instance, the Ho Chi Minh City – Quy Nhon route is priced at 2.4-2.7 million dong round trip for all airlines. Traveling to Nha Trang, the cheapest fare is 1.8 million dong with Vietjet, while other airlines offer fares ranging from 2.3-2.6 million dong.
The Ho Chi Minh City – Phu Quoc route has the cheapest fare at 2.1 million dong with Vietravel Airlines, while Vietjet’s fare ranges from 2.3-2.5 million dong. Only Vietnam Airlines operates flights to Con Dao, with fares at 3.2 million dong.
Passengers flying to Nha Trang from Hanoi will pay prices ranging from 3.3-3.9 million dong. The Hanoi – Phu Quoc route is priced at 3.1-3.3 million dong with Vietjet, while Vietnam Airlines offers fares ranging from 4.9-5.5 million dong.
According to the Civil Aviation Authority, the increase in airfare prices is part of a global trend influenced by factors such as rising fuel prices, exchange rate differentials, the recall of Pratt & Whitney engines, increasing aircraft leasing costs, and the supply-demand situation in air transportation.
Management agencies believe that this supply-demand imbalance will continue during the peak summer period of 2024. This also puts a certain pressure on domestic flight ticket prices, especially flights to tourist and resort destinations.
According to research and assessment by the Association of Asia Pacific Airlines (AAPA), airfare prices worldwide are expected to continue rising in the near future.
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Source: Vietnam Insider