Airfares fall to record low as Tet holiday draws near

VOV.VN - Airfares have fallen to a record low in recent years as the traditional lunar New Year holiday (Tet) is drawing near.

Budget airline - Vietjet Air – is offering the cheapest fares of VND3.1 million including taxes and fees on the Hanoi – Ho Chi Minh City route, or VND1.5 million lower than the same period last year.

Other airlines such as Bamboo Airways, Vietnam Airlines and Vietravel Airlines are selling tickets at VND3.3 million, 4.7-4.9 million and 5.1 million respectively on the same route. On average their fares are now between VND500,000 – VND1,000,000 lower than last Tet holiday.

A round-trip flight between Hanoi and Ho Chi Minh City now costs between VND6 -7 million, including taxes and fees, depending on the time of booking.

Explaining the reasons, experts says airlines have increased the frequency of flights and offered big discounts in order to get the lion’s share. In addition, the prolonged COVID-19 outbreak is evolving in a complicated manner in Vietnam, especially in the northern region, prompting passengers to think twice before booking the airfares.

This year’s Tet holiday falls on January 31 and employees will have nine days off work. However, many employees have left Ho Chi Minh City early, while others have decided to stay there due to COVID-19 quarantine regulations in their hometown.  

The domestic aviation industry is set to supply a total of about 2.7 million seats during the peak season of the Lunar New Year in 2022, representing about 70-75% of last Tet.