Vietjet Thailand banks on high season in the final quarter to increase its domestic and international flights.
Despite volatile fuel prices and sluggish demand, Vietjet Thailand said the aviation situation remains manageable as it is still ramping up capacity and building a new regional hub in Udon Thani.Chief executive Woranate Laprabang said the fuel price outlook remains volatile as the conflict in the Middle East continues, despite earlier reports of a US-Iran deal that temporarily eased prices.
He said travellers are expected to remain cautious with spending for the remainder of the year, particularly during the low season as many continue to adopt a wait-and-see approach.
However, the airline still expects a positive performance in the fourth quarter, banking on the high season as Thailand remains Asia's leading tourism destination, said Mr Woranate.
Vietjet Thailand operates a fleet of 11 Boeing737 Max 8 aircraft and 12 Airbus A320 and A321 planes. By the end of this year, the airline expects to operate 25 Boeing737 planes and four A320 aircraft, with the target to expand its fleet to 50 jets by 2028.
