Vietnam Airlines alone earned VND66.2 trillion ($2.92 billion) in revenue in 2017. Meanwhile it made VND1.85 trillion ($81.47 million) in pre-tax profit, exceeding the annual target by 50 per cent and increasing 8 per cent on-year. The company contributed VND1.9 trillion ($83.67 million) to the state budget. Commenting on the success, the representative of Vietnam Airlines stated that expanding the flight routes in collaboration with increasing the service quality as well as promoting multilateral and bilateral relationships with other carriers played an important role in the soaring business results. In 2017, Vietnam Airlines and other member carriers, namely Jetstar Pacific and Vasco, conducted 180,000 flights, serving 26.5 million customers and carrying 343,000 tonnes of cargo, signifying increases of 6.7 per cent in customer volume and 19 per cent in cargo compared to the same period of 2016. Vietnam Airlines was considered one of the five biggest enterprises on the Vietnamese stock market in 2017, along with Vietjet Air, Petrolimex, VPBank, and Vincom Retail. On January 3, Vietnam Airlines started trading 1.22 billion shares on the Unlisted Public Company Market (UPCoM) at a starting price of VND28,000 ($1.24). As of December 29, the HVN ticker was reported to reach VND43,000 ($1.9), up 53 per cent against the starting price. The ticker earned an average trading volume of over one million shares per session, with a few exceptions of over two million shares traded. Additionally, the carrier expected to raise its charter capital as well as launching its initial public offering (IPO)… [Read full story]
Vietnam Airlines on Monday reported revenues of 1.27 billion dollars for 2007, a year-on-year increase of 15.5 percent, despite high fuel costs and increased competition. Pre-tax profits reached 23 million dollars, up 6.4 percent, the state-run carrier said in a statement. The airline also said it flew its eight millionth customer of the year on Monday, and that it serviced 3.2 million customers on international flights, which made up 40 percent of total flights. "This is an impressive development for Vietnam Airlines in 2007, especially in the context of fierce competition in the international and domestic market and high fuel…... [read more]
The negotiation for strategic partnership between the Vietnam Airlines and a leading aviation partner of Japan is expected to take place more smoothly after Vietnam Airlines released information on its operations in 2015.By December 30, 2015, with a fleet of 94 aircraft, including two modern aircraft models that have just been put into operation - Airbus A350 and Boeing 787-9 - Vietnam Airlines conducted over 127,500 safe flights in 2015, representing a year-on-year increase of 3.5%.It transported more than 17.4 million passengers during the year, earning US$3.08 billion in revenue and $62.2 million in pre-tax profit, 129% higher than the…... [read more]
Record profit in third quarter After posting double-digit growth in revenue as well as profit for numerous years, the domestic aviation market has seen slowing growth with signs of saturation. According to statistics from Civil Aviation Authority of Vietnam, in September 2017, the aviation sector’s flight control output was 31,050 flights, increasing only 6.8 per cent on-year.However, the corporation still reported sparkling business results. Notably, within the nine months of this year, Vietnam Airlines maintained its market share of 56 per cent by handling 16 million passengers and 235,525 tonnes of cargo, equalling 75 and 79.1% of its annual targets.In…... [read more]
National carrier Vietnam Airlines October 19 said that it had earned pretax profits of VND301 billion ($18.8 million) in the first nine months of this year, representing a sharp increase compared with VND304 billion last year. The airline said that it fulfilled over 83 per cent of its profit target for this year, however, gave no comparative figure with the same period of 2006. Between January and September, Vietnam Airlines conducted 47,279 flights, carrying over 5.8 million passengers, up 12.7 per cent on-year. Domestic passengers accounted for 3.4 million and foreigners held the remainder, a year-on-year increase of 22.2 per cent and 1…... [read more]
Vietnam Airlines earned USD60.2 million in pre-tax profit in the first three months of this year, a 32.5 per cent increase compared to the same period last year, according to its new report. A Vietnam Airlines plane The carrier transported nearly 4.6 million passengers in 34,500 flights during the first quarter, 11.6 per cent higher than its target, the report said. According to the national flag carrier, they have benefited from the stable macro economy in the first quarter. Low fuel prices and stable foreign currency exchange rates in their main markets also contributed to the results. The number of…... [read more]
