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.