Vietnam Airlines Group revenue jumped to $2.24 billion in first half of 2019

Published on : Wednesday, July 17, 2019

Vietnam Airlines Group earned nearly U.S. dollars 2.24 billion (Vietnamese Dong 52 trillion) in consolidated revenue in the first half of this year, marking a year-on-year increase of 5.5 per cent as compared to last year for the same period. Over the course of six months, Vietnam Airlines safely flew over 13.9 million passengers, a 2 per cent increase from 2018, and over 180,000 tonnes of cargo, up by 1.6 per cent year-on-year.

 

 

 

Its consolidated pre-tax profit was estimated at Vietnamese Dong 1.65 trillion, up by 30 per cent.  Vietnam Airlines said that continued improvement in cash flow enabled higher solvency, more short-term investments and increased corporate income.

 

 

 

Its on-time performance (OTP), averaged at 90 per cent – which was among the highest globally. Demand-responsive load factor led to significant fuel saving and higher seat utilisation of 80.3 per cent. Vietnam Airlines Group (including Vietnam Airlines, Jetstar Pacific and VASCO) continued to spearhead the local aviation market, carrying approximately 51 per cent of the market share in passenger volume.

 

 

 

In the second half of this year, Vietnam Airlines plans an organisational restructuring – completing its 20 narrow-body Airbus A321neo fleet, taking delivery and operating the first three wide-body Boeing 787-10, out of its order of eight aircraft. It will finalise the investment plan of 50 narrow-body aircraft for the 2021-25 period.

 

 

Related Posts

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 uzakrota Istanbul 2019
  • 21 qthexpo 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. TRAVELDAILY CONFERENCE & DIGITAL TRAVEL SHOW

      August 27 - August 29
    2. ibtm CHINA

      August 28 - August 29
    3. CITIE 2019

      August 30 - September 1
    4. TTF Ahmedabad

      August 30 - August 31
    5. QATAR TRAVEL AND HOLIDAYS EXPO

      September 3 - September 4
Get our toolbar!
Review www.travelandtourworld.com on alexa.com