Vietnam Airlines earns $141.8m in pre-tax profit
The Vietnam Airlines Group, listed as HVN, made consolidated pre-tax profit of nearly VND3.3 trillion (US$141.8 million) in the first nine months of this year.
The Vietnam Airlines Group, listed as HVN, made consolidated pre-tax profit of nearly VND3.3 trillion (US$141.8 million) in the first nine months of this year, according to a financial report released on Thursday.
The group’s consolidated revenue was more than VND76.7 trillion, reaching 97.9 per cent of the yearly target.
The report showed that the group’s operating results recorded good growth in the first nine months of this year. Vietnam Airlines Group, including Vietnam Airlines, Jetstar Pacific and Vietnam Air Services (VASCO), transported more than 21.4 million passengers, an increase of 3.2 per cent year-on-year and more than 256,000 tonnes of goods.
The group continues to assert its leading position in the domestic market with 51.7 per cent market share of passenger transport. It still maintained average on-time performance (OTP) at approximately 90 per cent during the period.
Vietnam Airlines said that these positive financial and operating results come from efforts to promote the development of its aircraft fleet, routes and services.
The group received two more Boeing 787-10 and ten A321 NEO aircraft in the period, while opening many new domestic and international routes including HCM City-Chu Lai, a series of routes between Da Nang and Thanh Hoa, Vinh, Da Lat, Phu Quoc, Can Tho, Busan (South Korea) and Taiwan (China).
The group has also strengthened co-operation with international carriers such as Delta Airlines and China Airlines to deploy connecting flights to the US, as a premise to develop products connecting Viet Nam and the US. Last month, Vietnam Airlines officially launched Vietnam-Singapore Technologies Engineering Aerospace (VSTEA) that aims to enhance aircraft repair and maintenance capacity, gradually mastering modern technology and increasing operational efficiency.
In the last months of this year, Vietnam Airlines said it will focus on periodic maintenance of aircraft, enhancing training to ensure human resources for the year-end peak period.
It has planned to receive more new aircraft including four A321 NEO and one Boeing 787-10 and open new routes to Bali, Phuket, Macau and re-operate the Da Nang-Bangkok route. — VNS
