Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.

The Vietnam Travel and Marketing Transport JSC (Vietravel) plans to equitise its Vietnam Travel Airlines Co. Ltd. (Vietravel Airlines), to boost the subsidiary’s development as the first travel airline in Vietnam.

National flag carrier Vietnam Airlines will apply level-2 pandemic prevention standards on all of its domestic flights from May 11.

Local airlines including Vietnam Airlines, Pacific Airlines, Vasco and Bamboo Airways are scheduled to raise their respective system administration fees by VND100,000 (US$4.37) per flight, which will be incorporated into current air ticket fares.

National flag carrier Vietnam Airlines allows free-of-charge ticket change and refund for travellers with confirmed seats and departure date due to the complexity of the latest COVID-19 outbreak.

Vietnam Airlines incurred after-tax losses of nearly VND5 trillion in the first quarter of this year, surging over 90% year-on-year and the highest-ever losses recorded for a quarter, as the COVID-19 pandemic is emerging increasingly complicated.

The Civil Aviation Authority of Vietnam (CAAV) has warned that flight slots that are unused for five weeks in a row since March 28 would be taken away.

The Ministry of Transport has proposed the Government increase support for domestic airlines which were heavily hit by the COVID-19 pandemic.

VOV.VN - During the first quarter of the year the nation had a total of 39 planes which underwent maintenance, while their flight operations were suspended due to the impact of the novel coronavirus (COVID-19) pandemic, according to data released by the Civil Aviation Authority of Vietnam (CAAV).

VOV.VN - National flag carrier Vietnam Airlines used flights to Phu Quoc island city on April 15 and April 16 to mark the launch of activities aimed at protecting local starfish.