Business
Vietnam Airlines earns pretax profit of VND173 billion in first half of 2013
  • By Quynh Anh | dtinews.vn | July 26, 2013 08:38 AM

National flag carrier Vietnam Airlines made a pretax profit of VND173 billion (USD8.32 million) between January and June this year despite numerous difficulties.

 

Vietnam Airlines made a pretax profit of VND173 billion in the first half of 2013

During this period, the company earned revenues of VND27 trillion (USD1.28 billion), up 5.3% from the same period last year.

An official from Vietnam Airlines said in the January-June period, the number of foreign visitors to Vietnam was lower than expected. The carrier focused on domestic flights, meanwhile, many local airports faced limited infrastructure conditions, particularly infrastructure repair and upgrade activities at Phu Bai and Tan Son Nhat international airports.This lowered Vietnam Airlines’ flight frequency.

Between January and June this year, Vietnam Airlines carried 7.28 million passengers, up 6.4% on-year, with domestic flights accounting for 4.47 million, up 5.2% on-year. It conducted nearly 58,000 safe flights, and plans to raise that figure to more than 112,000 flights by the end of this year, carrying 14.4 million passengers.

Since late 2012, Vietnam Airlines has opened some air routes to South Korea, Cambodia and Russia which are considered as potential regional markets.

Vietnam Airlines plans to raise the number of airplanes it has in service from the current 79 to 101 by 2015.

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