Vietnam Airlines posts $82.4 million pre-tax profit in H1 2018
For the last six months of 2018, Vietnam Airlines has also implemented several solutions to save fuel and improve technical capacity.
National flag carrier Vietnam Airlines has said its consolidated pre-tax profit rose of 87% in the first half of 2018 compared to the same period last year, reaching VND1.92 trillion (US$82.4 million).
Vietnam Airlines’ total consolidated revenue was estimated at VND49.8 trillion (US$2.1 billion) while the parent company's revenue was estimated at nearly VND36.3 trillion (US$1.6 billion).
The parent company's pre-tax profit reached VND1.39 trillion (US$57.8 million), more than double the planned figure.
In the first half of 2018, Vietnam Airlines operated 72,800 flights with a high on-time performance of 90%; and transported 13.7 million passengers, an increase of 4% compared to the same period last year.
Cargo transported reached 167,000 tons, up 8.5% over the same period, and close to 100% of the planned targets for both the international and domestic markets.
Restructuring human resources is used as the approach to reduce work force and improve productivity. As of June 30, 2018, number of employees comprise 6,685 people – 3% fewer than the planned target and 2% fewer than the same period in 2017.
In the last six months of 2018, Vietnam Airlines will also increase charter capital by issuing more shares to existing shareholders. Its HVN shares will be listed on the Ho Chi Minh City Stock Exchange (HOSE). These are effective actions to proactively guarantee credit capital for Vietnam Airlines investment projects well as to reduce state ownership during 2019 - 2020 period.
Earlier, Vietnam Airlines has been certified as a 4-star airline by the international air transport rating organisation Skytrax for the third consecutive year. With this certification, Vietnam Airlines was ranked alongside some of the world’s most reputable airlines, including Air France, Emirates, Japan Airlines, Korean Air, and British Airway.
Vietnam Airlines achieves $82.4 million pre-tax profit in the first half of 2018. Photo: Vietnam Airlines
|
The parent company's pre-tax profit reached VND1.39 trillion (US$57.8 million), more than double the planned figure.
In the first half of 2018, Vietnam Airlines operated 72,800 flights with a high on-time performance of 90%; and transported 13.7 million passengers, an increase of 4% compared to the same period last year.
Cargo transported reached 167,000 tons, up 8.5% over the same period, and close to 100% of the planned targets for both the international and domestic markets.
Restructuring human resources is used as the approach to reduce work force and improve productivity. As of June 30, 2018, number of employees comprise 6,685 people – 3% fewer than the planned target and 2% fewer than the same period in 2017.
In the last six months of 2018, Vietnam Airlines will also increase charter capital by issuing more shares to existing shareholders. Its HVN shares will be listed on the Ho Chi Minh City Stock Exchange (HOSE). These are effective actions to proactively guarantee credit capital for Vietnam Airlines investment projects well as to reduce state ownership during 2019 - 2020 period.
Earlier, Vietnam Airlines has been certified as a 4-star airline by the international air transport rating organisation Skytrax for the third consecutive year. With this certification, Vietnam Airlines was ranked alongside some of the world’s most reputable airlines, including Air France, Emirates, Japan Airlines, Korean Air, and British Airway.
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.