Vietnam Airlines records revenue growth in Q2/2023

August 01, 2023

HCMC – Vietnam Airlines posted a rebound in revenue and achieved gross profit for the second quarter in a row though it has yet to report net profit this year due to higher input costs and financial risks. This is the seventh quarter in a row that Vietnam Airlines’ revenue has grown, indicating the recovery of the carrier and its efforts to improve its business performance. Its gross profit reached nearly VND2.9 trillion, showing a more positive performance compared to its gross losses in the same period last year. Vietnam Airlines Group, which comprises Vietnam Airlines, Pacific Airlines and Vietnam Air Services Company (VASCO), announced that it transported 11.8 million domestic and international passengers in the first half of 2023, rising 28.2% year-on-year and securing 43% market share. Notably, Vietnam Airlines alone carried 9.94 million passengers, increasing 25% and holding 36% market share.

The source of this news is from The Saigon Times

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