Vietnam Airlines’ profit climbs to £95m in 2018

posted on 2nd January 2019 by Justin Burns

Vietnam Airlines Group made a profit of VND2.8 trillion (£95 million) in the 2018 financial year.

The Asian carrier said growth was driven by robust demand for air travel, optimised operational efficiency and the implementation of market-driven solutions to combat high fuel prices.

For the first time, Vietnam Airlines and its member airlines (including Jetstar Pacific and VASCO) surpassed the VND100 trillion mark in total consolidated revenue, generating approximately VND102 trillion. Pre-tax profit reached VND2.8 trillion, exceeding the expected figure by 15 per cent.

Vietnam Airlines carried over 22 million passengers on 142,000 flights and handled 350,000 tonnes of cargo in 2018. It added two Airbus A350s and three A321neo to its fleet last year.

Vietnam Airlines president, Duong Tri Thanh said: “We made significant progress on several key initiatives in 2018 including improved human resources management, enhanced product portfolio and on-time-performance index.”