The Vietnam Aviation Authority has released a report on the impact of the Middle East conflict on the country’s aviation industry. Vietnam Airlines is adjusting its flight routes to Europe to avoid Iranian and Iraqi airspace, which increases flight time by 10-15 minutes and costs by $2,000 per flight. War risk insurance premiums are also expected to rise by 10-15%. The Airports Corporation of Vietnam (ACV) faces a potential revenue loss of about $10.9 million per month due to a decrease in international flights through the region. Additionally, the Vietnam Air Traffic Management Corporation (VATM) estimates a revenue loss of nearly $1 million per month. The cancellation of flights has disrupted the supply chain for electronic components, particularly in Bac Ninh and Thai Nguyen. The Vietnam Aviation Authority is considering support measures such as reducing airport service fees and fuel surcharges to alleviate cost pressures on airlines.
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