Vietnam Airlines eyes return to pre-Covid int'l capacity

Bourse limits trading in Vietnam Airlines over late filings

Parent of Viet Nam’s Bamboo Airways pleads filing extension

Vietnam Airlines returns to pre-tax profit but debt remains

Vietnam Airlines (VN, Hanoi) posted a consolidated pre-tax profit for the first quarter of VND19.3 billion dong (USD823,000) on revenue of VND23.64 trillion (USD1.01 billion), double the revenue in the same period last year and the highest the flag carrier has seen since the outbreak of the pandemic, its newly announced financial statements show.

For the same period last year, the airline sustained a loss before tax that exceeded VND2.6 billion (USD111,000). The airline said that the latest results were achieved thanks to strong demand during the Lunar New Year in February, the recovery of its international markets, in particular as China loosened its travel restrictions, and a high load factor for markets such as the United States, Europe, and Australia.

Vietnam Airlines carried 5.1 million passengers during the quarter, up 63% over the same period in 2022, of whom 1.4 million travelled internationally, 11.5 times higher than the same period last year and 60.9% of the same period in 2019.

However, after taxes were deducted, the state-owned carrier still posted a loss...

VietJetAir leaning to B777s for future longhaul routes