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Strong demand drives profits at Vietnam Airlines

Strong demand drives profits at Vietnam Airlines

2018 08 20

2018 08 20

Vietnam Airlines has reported profits of VND1.92 trillion, or $82.4 million, for the first half of 2018, up 87 per cent on last year.

Consolidated revenue at the carrier was estimated at $2.1 billion (VND49.8 trillion) while the parent company’s revenue was estimated at nearly $1.6 billion (VND 36.3 trillion).

The group’s pre-tax consolidated profit reached $57.8 million (VND 1.39 trillion), more than double the expected figure.

In the first six months of 2018, Vietnam Airlines operated 72,800 flights with a high on time performance of 90 per cent; and transported 13.7 million passengers - an increase of four per cent compared to the same period last year.

Cargo transported reached 167,000 tons, up 8.5 per cent over the same period, and close to 100 per cent of the planned targets for both the international and domestic markets.

In the last six months of 2018, the air transport market is predicted to continue to slow down as fuel prices have not shown signs of decline.

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