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Vietnam Airlines sees sharp rise in pre-tax profits

Vietnam Airlines sees sharp rise in pre-tax profits

Vietnam Airlines has announced total consolidated revenue of VND36 trillion for the six months to June 30th 2016.

At the same time pre-tax profits are estimated at VND 1,600 billion, reaching nearly seven per cent of the target set for 2016.

In the first six months of 2016, the aviation market in Vietnam by 27.2 per cent compared to the same period last year, with a 37 per cent increase in the domestic market.

In responding swiftly to these circumstances, Vietnam Airlines has captured the strong growth of the market, adopting effective measures to improve its operations and make good use of favourable conditions.

Thanks to these measures, the business has achieved positive results with a high growth rate over the period, exceeding the set targets.

In the first six months of 2016, Vietnam Airlines operated over 70,300 flights (an increase of 10.7 per cent from the same period last year).

The carrier also welcomed 9.65 million passengers (an increase of 15.5 per cent from the same period last) and saw transport on international routes increase by 6.9 per cent and on domestic routes by 21.1 per cent.

The corporation also achieved a freight output of 124,800 tons, exceeding its targets with an increase of 18.1 per cent over the same period last year.

Over the next six months, Vietnam Airlines will continue to mobilise its resources to ensure safety and security and improve the efficiency of its fleet, the airline said in a release earlier today.

It will also coordinate with the airlines of the corporation, its strategic partner ANA and other SkyTeam members in order to introduce to the market further excellent products that are well-priced and comfortable in transit, meeting the quality required of a four-star service and the increasing needs of passengers.

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As the national flag carrier of Vietnam, headquartered in Hanoi, Vietnam Airlines operates 94 routes to 21 domestic and 29 international destinations with more than 360 flights daily.

Operating a young fleet, mainly comprising Boeing 777s, Airbus A330s and Airbus A321s, the airline is expanding its fleet with next-generation aircraft such as Boeing 787 Dreamliners and Airbus A350-900 XWBs.

Earlier this year Vietnam Airways was confirmed as a Airline Partner to the upcoming World Travel Awards Asia & Australasia Gala Ceremony 2016.