Vietnam Airlines’ pre-tax profit surges 87 percent in six months
Vietnam Airlines recorded a dramatic year-on-year rise of 87 percent in its pre-tax profit in the first half of 2018, approximating 1.92 trillion VND (82.8 million USD) and double its target.
Vietnam Airlines's pre-tax profit approximated 1.92 trillion VND in the first half of 2018 (Photo: Vietnam Airlines)
Hanoi (VNA) – Vietnam Airlinesrecorded a dramatic year-on-year rise of 87 percent in its pre-tax profit inthe first half of 2018, approximating 1.92 trillion VND (82.8 million USD) anddouble its target.
The national flag carrier said on August 15 thatthe domestic air transport market tended to grow slowly in the period. Risingfuel prices since the year’s beginning, at about 82 USD per barrel on average,also caused difficulties.
The airline obtained positive business outcomesthanks to its flexibility, it explained.
In the six months, Vietnam Airlines operatedmore than 72,800 flights with on-time performance index reaching 90 percent. Itserved 13.7 million passengers and transported nearly 167,000 tonnes of cargo,up 4 percent and 8.5 percent from a year earlier, respectively.
Consolidated revenue was close to 49.8 trillionVND (1.15 billion USD).
The firm said its service quality was ensured inthe six months, adding that it was certified as a four-star airline by UK-basedairline review and rating organisation Skytrax for the third straight year. Itwas also listed as one of the top airlines in Asia in 2018 by tourism websiteTripAdvisor.
In the last half of this year, the aviationmarket is forecast to grow slowly and there are no signs fuel prices will fall.Therefore, the corporation will continue fuel saving and capacity improvingmeasures.
It will also carry out procedures for listingthe stock HVN on the Ho Chi Minh Stock Exchange in the coming months. Thelisting aims to ensure funding for its investment projects and help reduce Stateownership at the firm, Vietnam Airlines added. –VNA
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Vietnam Airlines's pre-tax profit approximated 1.92 trillion VND in the first half of 2018 (Photo: Vietnam Airlines) 
