Airlines, railway firms report big profits
Airlines and railway companies in Vietnam have reported big profits in the first quarter of this year following consecutive losses due to the impact of the Covid-19 pandemic.
National flag carrier Vietnam Airlines posted revenue of VND28.3 trillion (USD1.11 billion) between January and March, up 25 percent on-year. Revenue from international transport during the time reached VND13.8 trillion, up 30.4 percent on-year.
In the first quarter, Vietnam Airlines made a post-tax profit of VND4.44 trillion (USD173.19 million).
Vietnam Airlines has restored all of its domestic air routes and most of its international routes. It has also opened some new routes.
Budget carrier VietJet Air operated nearly 34,500 flights with a total 6.3 million passengers in the first quarter. It earned revenue of VND17.7 trillion, up 38 percent on-year and post-tax profit of VND520 billion, up 209 percent.
Vietravel Airlines recorded a profit of VND10 billion against a revenue of VND490 billion.
Meanwhile, the railway sector has also witnessed strong recovery.
Between January and March, the Saigon Railway Joint Stock Company posted a revenue of VND556 billion, up 13 percent against the same period of last year. This was the firm's highest revenue for the past five years. The company’s post-tax profit was estimated at VND33 billion.
Hanoi Railway JSC saw an on-year revenue rise of 13 percent to VND710 billion, marking the highest level over the past nine years.
The company’s post-tax profit during the first quarter was at VND34 billion compared to the set target of VND11.2 billion for the whole year.
National flag carrier Vietnam Airlines posted revenue of VND28.3 trillion (USD1.11 billion) between January and March, up 25 percent on-year. Revenue from international transport during the time reached VND13.8 trillion, up 30.4 percent on-year.
In the first quarter, Vietnam Airlines made a post-tax profit of VND4.44 trillion (USD173.19 million).
Vietnam Airlines has restored all of its domestic air routes and most of its international routes. It has also opened some new routes.
Budget carrier VietJet Air operated nearly 34,500 flights with a total 6.3 million passengers in the first quarter. It earned revenue of VND17.7 trillion, up 38 percent on-year and post-tax profit of VND520 billion, up 209 percent.
Vietravel Airlines recorded a profit of VND10 billion against a revenue of VND490 billion.
Meanwhile, the railway sector has also witnessed strong recovery.
Between January and March, the Saigon Railway Joint Stock Company posted a revenue of VND556 billion, up 13 percent against the same period of last year. This was the firm's highest revenue for the past five years. The company’s post-tax profit was estimated at VND33 billion.
Hanoi Railway JSC saw an on-year revenue rise of 13 percent to VND710 billion, marking the highest level over the past nine years.
The company’s post-tax profit during the first quarter was at VND34 billion compared to the set target of VND11.2 billion for the whole year.
Leave your comment on this story