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Vietnam Airlines sees $1.3b revenue

Update: August, 01/2014 - 08:35

Vietnam Airlines registered revenue of VND27.8 trillion ($1.31 billion) in the first half of the year, 48.5 per cent of the carrier's annual target. — VNS Photo Truong Vi

HA NOI (VNS) — The Vietnam Airlines Corporation gained total revenue of nearly VND28 trillion (US$1.32 billion) for the first half of this year, a report by the corporation released yesterday said.

During the first half of this year, domestic economy continued to recover, interest rates for loans remained low and inflation was controlled, while Viet Nam continued to be a safe and attractive destination for international visitors, said the corporation.

Vietnam Airlines, the national flag carrier and also subsidiary of the corporation, registered revenue of VND27.8 trillion ($1.31 billion) in the first half of the year, or 48.5 per cent of the carrier's target for this year, it said.

The corporation expected to gain VND100 billion ($4.72 million) in pre-tax profits for the first half of this year, including VND82.3 billion ($3.88 million) from Vietnam Airlines.

In the first six months, the corporation ferried around 8 million passengers, 8.5 per cent higher than the same period last year, including about five million local passengers.

However, the corporation continued facing many challenges in the first half of this year that affected its operations and business. These included difficulties in the domestic economy, fierce competition from the domestic and foreign markets, adverse impact of the conflict on the East Sea with China and the political crisis in Thailand and Ukraine, it said.

To ensure that all challenges were met by this year-end, the corporation would continue its restructuring plans, ensure security, safety and proper management of flights and improve quality of service for passengers. — VNS



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