Vietnam Airlines reports higher revenue in first half
The national flag carrier Vietnam Airlines reported a total revenue of over 51.6 trillion VND (2.24 billion USD) in the first half of this year, up 5.5 percent year-on-year.
Hanoi (VNA) – The national flag carrier VietnamAirlines reported a total revenue of over 51.6 trillion VND (2.24 billion USD)in the first half of this year, up 5.5 percent year-on-year.
Meanwhile, its pre-tax profit was estimated at 1.65 trillionVND, up 30 percent from the target.
As of late June, the debt-to-equity ratio was reduced from2.58 to 2.32.
During the period, Vietnam Airlines successfully ran over73,600 flights, carrying more than 13.9 million passengers, up 2 percentyear-on-year, and over 180,000 tonnes of cargo, up 1.6 percent annually.
The on-time performance index averaged 90 percent.
For the first time, premium economy class service had beenoffered on Hanoi – Ho Chi Minh City flights.
Many other services were also launched, including in-towncheck-in in Hanoi and the central city of Da Nang, telephone check-in in Ho ChiMinh City, and family and online check-in, reaching nearly 50 percent at NoiBai, Da Nang and Tan Son Nhat airports.
With such efforts, Vietnam Airlines became a four-starred carrierfor the fourth consecutive year, meeting 85 percent of criteria set by Skytrax.
It received and put into operation eight narrow-body AirbusA321neo, two wide-body Airbus A350, and bought 14 super aircraft Airbus A350.
After increasing its chartered capital to over 14.1 trillionVND, Vietnam Airlines listed its shares on the Ho Chi Minh Stock Exchange onMay 7.
During the remaining months of this year, the carrier plansto buy another 20 Airbus A321neo, put into use three wide-body Boeing 787-10,and launch new menu created by Global Cuisine Ambassador for Vietnam LukeNguyen.-VNA
The Mekong Delta city of Can Tho will earmark 27ha of land for Vietnam Airlines to build an aviation logistics centre, Deputy Chairman of People’s Committee Truong Quang Hoai Nam has said.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Illustrative image (Photo: Vietnam Airlines) 
