A Vietnam Airlines airplane. (Source: Internet)
Corporation (VNA) said it earned a consolidated pretax profit of 1.3 trillion dong (58.3 million USD) in the nine months through September, exceeding its target set for the period.
The airline’s consolidated revenue reached an estimated 52.5 trillion dong as a visa waiver for travelers from five European countries, effective on July 1, stimulated air travel to Vietnam, VNA said in a press release, without giving comparative figures.
The carrier operated nearly 100,000 flights in the nine-month period, up 5% from a year earlier, flying some 12.5 million passengers. VNA put Boeing 787 Dreamliner into use on the Ho Chi Minh City-London route, with the occupancy rate of business-class seat reaching out to 85%.
VNA, which booked proceeds of 1,093 billion dong from selling a nearly 3.5% stake to two local banks at an initial public offering in November 2014, aims to carry 16.7 million passengers this year. It is making bold investments to upgrade it aircraft fleet to bring its services to a four-star rating.
Japan’s All Nippon Airways is reportedly interested in buying a 10% stake of the Vietnamese national carrier, aiming to capitalize on the two-digit growth rate of the local aviation market.