Vietnam Airlines looks to fare hike

Facing rising global prices, fuel costs are up a whopping 13 per cent in the first quarter for local airlines, prompting the Vietnam Airlines to petition the Government for a hike in fare ceilings on domestic routes. The deputy general director of Vietnam Airlines, Pham Ngoc Minh, said oil prices rose from US$65 per barrel late last year to $71 per barrel recently, impacting fuel costs by as much as 10 per cent for Vietnam Airlines in the first quarter of 2006.