Vietnam airlines refuse to cut fares despite cheaper fuel, bigger revenue
Vietnam’s transport minister has called for lower airfares to match a sharp decline in fuel costs, but carriers say their tickets are already affordable.
At a meeting on 4 January, Minister Dinh La Thang asked that Vietnam Airlines make its tickets cheaper after the national carrier reported a whopping 129 percent increase in consolidated revenues, to VND70 trillion (US$3.12 billion) in 2015, and a pretax profit of more than VND1.4 trillion ($62.3 million).
