Published on : Thursday, January 3, 2019
Vietnam Airlines Group announced a profit of VND 2.8 trillion (95 million pounds) for financial 2018. Demand for air travel, optimised operational efficiency and the market-driven solutions to combat high fuel prices helped to drive the revenues of Vietnam Airlines.
For the first time, Vietnam Airlines and its member airlines (including Jetstar Pacific and VASCO) exceeded the VND100 trillion mark in total consolidated revenue, generating approximately VND102 trillion.
Pre-tax profit of VND 2.8 trillion, exceeded the expected figure by 15 per cent.
Duong Tri Thanh, president, Vietnam Airlines, said: “We made significant progress on several key initiatives in 2018 including improved human resources management, enhanced product portfolio and on-time-performance index.”
Vietnam Airlines has carried over 22 million passengers on 142,000 flights and 350,000 tons of cargo in 2018. It modernised the fleet and invested in technology with two wide-bodies Airbus A350 and three narrow-bodies A321Neo.
Vietnam Airlines was also recognised as the World’s Leading Cultural Airline by voters at the World Travel Awards.
Japan is the largest market for Vietnam Airlines, making up more than 20 per cent of its sales. It inserted 10 weekly flights to and from Japan in 2018, bringing its total to 80.