Airlines

13

August

Aviation – Note – [NONRATED] – Airlines took spotlight

Vietnam’s aviation sector saw strong 2Q25 growth across airports, airlines, and aviation services, driven by domestic recovery, surging China-related travel, and lower fuel costs. With expanded visa exemptions, government events,...
Report (3)

04

July

Aviation – In-depth – [NONRATED] – 2H25 Outlook: Hold Altitude

In 1Q25, domestic passenger volume continues to recover and a significant surge in Chinese visitors. Even though airfares could decline due to increased supply, we anticipate a positive impact on...
Report (6)

02

June

Aviation – Note – [NONRATED] – Sweet spot

Vietnam's air travel sector saw a 6%YoY increase in both passengers and traffic in 1Q25, driven by a strong rebound in domestic travel and continued international growth, especially from China....
Report (3)

14

February

Aviation – Note – [Nonrated] – 4Q24: Aviation up on international travel

The overall air traffic grew 7% YoY in 4Q24 thanks to rising international travel, passenger numbers declined slightly by 1% YoY, international arrivals reached 4.88mn pax (+31% YoY). Airlines give...
Report (5)

10

January

Aviation – In-depth – [NONRATED] – 2025 Outlook: Await the return of domestic demand

In 2025F, we expect that (a) airfares could decline as new supply enters the market and stored aircraft gradually returns, and (b) consumers could spend more on leisure and travel...
Report (2)

21

November

Aviation – Note – [NONRATED] – Competition arises in the international market

In 3Q24, the aviation industry revenue (represented by HVN and VJC with 70- 80% of total scheduled seats) increased 9% YoY thanks to higher air traffic (+7% YoY), but lower...
Report (5)
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