Vietnam Airlines Group maintains profitability in 2018
Vietnam Airlines Group kept profits stable in 2018 despite higher fuel costs, and the carrier plans to take delivery of more new-generation widebody and narrowbody aircraft in 2019. The group reported a pre-tax profit of VND2.8t (US$121m), about the same as in 2017. Revenue rose to VND102t compared with VND88.4t in the previous year. Operating profit margin was 4.38%. The group includes parent carrier Vietnam Airlines as well as regional subsidiary VASCO and LCC Jetstar Pacific. For the parent carrier alone, pre-tax profit increased to more than VND2t from VND1.85t in 2017. Vietnam Airlines received 2 Airbus A350s and its first 3 A321neos in 2018. The airline had been scheduled to take delivery of 9 A321neos in 2018, but deliveries were delayed. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-01-04/sky/vietnam-airlines-group-maintains-profitability-in-2018
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Vietnam Airlines Group maintains profitability in 2018
Vietnam Airlines Group kept profits stable in 2018 despite higher fuel costs, and the carrier plans to take delivery of more new-generation widebody and narrowbody aircraft in 2019. The group reported a pre-tax profit of VND2.8t (US$121m), about the same as in 2017. Revenue rose to VND102t compared with VND88.4t in the previous year. Operating profit margin was 4.38%. The group includes parent carrier Vietnam Airlines as well as regional subsidiary VASCO and LCC Jetstar Pacific. For the parent carrier alone, pre-tax profit increased to more than VND2t from VND1.85t in 2017. Vietnam Airlines received 2 Airbus A350s and its first 3 A321neos in 2018. The airline had been scheduled to take delivery of 9 A321neos in 2018, but deliveries were delayed. <br/>
