9 months, more than 106 thousand flights, transporting more than 17.2 million passengers
Information from Vietnam Airlines said: In the first 9 months of 2024, Vietnam Airlines achieved consolidated revenue of more than 79,994 billion VND, an increase of more than 17.4% compared to the same period in 2023. Consolidated profit after tax was more than 6,641 billion VND. In the third quarter of 2024 alone, consolidated profit after tax reached 1,239.7 billion VND.
According to a representative of Vietnam Airlines, the profit achieved was mainly due to continued improvement in the parent company's efficiency and the resonance of the ecosystem of profitable subsidiaries compared to the same period last year.
In the first 9 months of 2024, Vietnam Airlines recorded consolidated profit after tax of more than 6,000 billion VND.
Total revenue and other income of the parent company in the third quarter of 2024 increased by 19.8% compared to the third quarter of 2023, equivalent to an increase of more than VND 3,598.7 billion. Of which, service revenue increased by 17.7%, equivalent to an increase of more than VND 3,125.7 billion compared to the same period last year.
In the first 9 months of the year, Vietnam Airlines conducted 106.4 thousand safe flights. Passenger transport reached 17.2 million, up 8.9% over the same period in 2023. Cargo and parcel transport increased by 42%, reaching nearly 226 thousand tons.
Vietnam Airlines has restored its entire domestic flight network, as well as resumed most international routes and opened new routes.
The airline also announced the opening of direct flights from Hanoi, Ho Chi Minh City to Munich (Germany), Hanoi to Phnom Penh (Cambodia), the opening of a series of flights from Hanoi, Ho Chi Minh City to Manila (Philippines) and the resumption of flights from Hanoi to Chengdu (China), Da Nang to Da Lat; Da Nang to Buon Ma Thuot. At the same time, Vietnam Airlines operates wide-body aircraft on flights between Vietnam and India, Singapore, and China.
Although the market has recovered somewhat, airline representatives confirmed that there are still many difficulties to overcome due to the prolonged consequences of Covid-19. By the end of 2023, the airline will still have negative equity of more than VND17,026 billion.
The aviation market also continues to face long-term challenges such as political conflicts, exchange rate fluctuations, unfavorable fuel prices, engine recalls by manufacturers, and rising costs of materials, spare parts, maintenance, and aircraft rentals.
In that context, Vietnam Airlines has implemented many self-contained solutions such as flexibly managing the supply of transport capacity, optimizing costs, negotiating service discounts, etc.
The company also took advantage of the growth momentum of the international market to quickly recover and develop.
Plan to issue shares to increase equity
Vietnam Airlines has completed the overall project of solutions to remove difficulties caused by the impact of the Covid-19 pandemic so that the airline can soon recover and develop sustainably in the 2021-2035 period and has reported to competent authorities.
According to the plan, in 2024-2025, Vietnam Airlines will synchronously implement solutions to overcome the negative equity situation such as restructuring assets and financial investment portfolio to increase income and cash flow. At the same time, the airline will also prepare the necessary conditions to implement the plan to issue shares to increase equity after being approved by competent authorities.
In addition to ensuring business efficiency, Vietnam Airlines continues to promote the role of the National Airline when implementing a series of sustainable development programs such as "Fly lightly to Con Dao", "Contribute leaves to mend the forest", participate in the gender equality campaign He for She, accompany the whole country to provide relief to flood areas and overcome the consequences of storms and floods...
The airline said it is preparing an early operational plan to meet passenger demand in the last quarter of 2024 and early 2025, such as: proactively monitoring market developments and reasonably managing supply capacity during low and peak periods during Christmas and New Year.
In addition, the airline also implemented aircraft reception, narrow-body aircraft fleet investment projects, and implemented the Airbus A321CEO aircraft configuration conversion project...
Source: https://www.baogiaothong.vn/vietnam-airlines-bao-lai-hon-6600-ty-dong-19224103021245335.htm
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