Vietnam Airlines to suspend Hai Phong–Can Tho route from April 1 on high fuel costs

The airline said jet fuel prices have surged amid tensions in the Middle East, with Jet A-1 averaging nearly US$180 per barrel this month and peaking at $231 per barrel, significantly increasing operating costs.

Vietnam Airlines, formally known as Vietnam Air Services Company, said the route could no longer cover expenses under current conditions.

It also cited tightening fuel supply, noting that Vietnam relies on imports for 70 percent to 80 percent of aviation fuel, with supply recently declining and raising the risk of shortages.

Due to an escalating conflict involving Iran, the United States, and Israel in the Middle East since late February, the Strait of Hormuz, which normally carries about 20 percent of global oil supplies, has been effectively shut or severely disrupted.

The carrier said it would prioritize key domestic and international routes that support travel demand, trade and tourism.

The Hai Phong–Can Tho service will remain suspended until fuel prices and supply conditions improve, it said.

The Can Tho Department of Construction said Vietjet will continue operating the route.