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Airfare price caps weigh on recovery from pandemic for Vietnam’s airlines

Vietnam’s airline industry is urging the government to remove price caps on airfares with many local airlines still struggling to recover from accumulated losses during the pandemic, The Star is reporting.

“Domestic airlines have seen recoveries in revenues, but the sharp increase of input costs undermines their profits, which makes it difficult to recover the accumulated losses incurred during the pandemic,” Bui Doan Ne, the deputy president of the Vietnam Aviation Business Association told The Star.

For more context see: Vietnam Airlines reschedules annual meeting for fourth time.

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