Many Vietnamese airlines have sought permission for fare hike on the ground that the world prices of fuel, which accounts for a big proportion of airlines’ operating expenses, are rising


A number of domestic carriers, including Vietnam Airlines and Vietjet Air, have submitted a request to the Civil Aviation Authority of Vietnam to raise their ticket prices.

They cited statistics of the International Air Transport Association that average jet fuel prices in August this year has went up 33.5 percent from one year ago.

The airlines also said the recent fuel price hike has resulted in an increase of around 16.7 percent in operating costs compared to 2015.

However, the Civil Aviation Authority has proposed to maintain the current ceiling to keep a lid on inflation this year and it will be reviewed next year if the situation at that time proves necessity.–VNA