Airline market share Vietnam 2021-2022

n the first four months of 2022, Vietnam Airlines held around 40 percent of the aviation market in Vietnam, based on the number of flights. The airline is the flag carrier of Vietnam, while the rest of the airlines mentioned are from the private sector.

Vietnam Airlines

During its 27 years of history, Vietnam Airlines has grown to become the pacemaker of the Vietnamese aviation industry and one of the market leaders in Southeast Asia. As of July 2022, Vietnam Airlines serves over 20 domestic and 30 international destinations on around 100 routes. Prior to the COVID-19 pandemic, the annual number of passengers flying with Vietnam Airlines peaked at nearly 23 million in 2019. The carrier yielded approximately 100 trillion Vietnamese dong in net revenue that year.

Vietnamese aviation industry

During the first two years of the pandemic, travel restrictions and border closures heavily impacted Vietnam’s tourism and aviation industry. Nevertheless, Vietnam still owned one of the largest airline travel markets, recording over 31 million airline passengers boarding its domestically registered airlines in 2020. The Vietnamese aviation industry has also started to show signs of recovery since the country officially reopened its border for international tourism on March 15. Within the first four months of 2022, the number of airline passengers in Vietnam surpassed that of the entire 2021 year, promising a brighter outlook for the years to come.