Vietnam Airlines Corporation reports after-tax profit of 173.19 million USD in Quarter 1. (Photo: VNA) Revenuefrom international transport during the period topped 13.8 trillion VND, ayear-on-year surge of 30.4%, and accounting for 65% of the carrier’s totalearning, three folds higher than the lowest ever figure in Q1 of 2021.
The airline also attributed the robust business to the peak travel season aswell as its improved service quality and digital transformation that helpedattract high-spending passengers.
It provided services for more than 5.74 million passengers, rising 12.7%against the same time last year. The occupancy rates were 86% for domesticflights and 80% for international ones.
A Vietnam Airlines representative said drastic measures were carried out toimprove the fleet’s capacity and cut costs.
Under its restructuring plan during the 2021-2025, the airline willroll out solutions to enhancing its adaptability, restructure its assets and investmentportfolios to increase income, while preparing for a share issuance to raise itsreturn on equity after getting approval from relevant authorities.
According to statistics from the Civil Aviation Authority of Vietnam, a totalof 66,605 flights were operated by domestic airlines during the first three months of the year, with28,287 by the national flag carrier Vietnam Airlines alone.
The airline offered 575,000 seats on some 2,900 flights during the ReunificationDay and International Labour Day holiday to meet passengers’ travel demand./.
VNA
