HANOI, March 27 (Reuters) - Vietnamese airlines plan to cancel flights on domestic and international routes from next month due to fuel supply constraints caused by the Middle East conflict, state media reported citing a report from the regulator.
* Flag carrier Vietnam Airlines will suspend seven domesticroutes from April 1 and reduce flight volumes by 10% to 20% permonth in the next quarter if jet fuel prices rise to $160-$200per barrel, state-run Nhan Dan newspaper reported. * The airline could cut up to 18% of its internationalflights and as much as 26% of its domestic operations, the papersaid citing the report. * Low-cost carrier Vietjet Air plans to cut 18% of its totalflight capacity in April, which includes reducing domesticflights by 22% and international operations by 11%, according tothe document. * Bamboo Airways aims to halve its daily flights to around17 from the current 36. * Sun PhuQuoc Airways intends to maintain its existingschedule for now as it has sufficient fuel stock until the endof April, but may reassess its position if fuel disruptionspersist, the report added. * To stabilize the domestic market, Vietnam's financeministry has suspended environmental protection and specialconsumption taxes on fuels, including jet fuel, until April 15. * Shares of Vietnam Airlines fell 5.7% during Friday'smorning session, while Vietjet Air shares edged up 0.4%.(Reporting by Phuong Nguyen; Editing by John Mair)
