Vietnam Airlines Announces Business Performance For First Six Months Of 2016

Hanoi, 22 July 2016 – Vietnam Airlines’ Joint Stock Company (Vietnam Airlines) has announced the company’s business performance from January to June 2016.

In the first six months of 2016, the aviation market grew by 27.2 per cent compared to the same period last year, with a 37 per cent increase in the domestic market. This was despite the difficulties and challenges that Vietnam Airlines was faced with due to economic slowdown, instability and terrorism in Europe and overcrowded infrastructures, especially at Tan Son Nhat international airport.

In responding swiftly to these circumstances Vietnam Airlines has captured the strong growth of the market, adopting effective measures to improve its operations and make good use of favourable conditions. Thanks to these measures, the business has achieved positive results with a high growth rate over the period, exceeding the set targets. Key achievements to note include:

• In the first six months of 2016, Vietnam Airlines operated over 70,300 safe flights (an increase of 10.7 per cent from the same period last year); carried 9.65 million passengers (an increase of 15.5 per cent from the same period last) and saw transport on international routes increase by 6.9 per cent and on domestic routes by 21.1 per cent . The corporation also achieved a freight output of 124,800 tons, exceeding its targets with an increase of 18.1 per cent over the same period last year.

• The company’s total consolidated revenue is estimated at more than 36 trillion VND and pre-tax profits are estimated at 1,600 billion VND, reaching nearly 7per cent of the target set for 2016. The airline’s parent company recorded an estimated revenue of over 29 trillion VND and nearly 1,140 billion VND in estimated profits, reaching over 7 per cent of the target set for 2016.

• Vietnam Airlines also accomplished two major tasks. Its restructuring and acquisition was completed with the signing and receipt of the share transaction payment made by ANA Holdings, who officially became a strategic shareholder on 1 July 2016. On 12 July, Vietnam Airlines was awarded 4-star airline certification at the SkyTrax World Airline Awards event at the Farnborough International Airshow. The airline is now officially a member of the world’s leading 4-5 star carriers and has been recognised as one of the world’s top three most improved airlines.

Vietnam Airlines has achieved these positive results thanks to its efforts in creating groundbreaking developments, taking advantage of opportunities to grow, increasing profitability, improving service quality and enhancing business efficiency.

Over the next six months, Vietnam Airlines will continue to mobilise its resources to ensure safety and security and improve the efficiency of its fleet. It will also coordinate with the airlines of the corporation, its strategic partner ANA and other SkyTeam members in order to introduce to the market further excellent products that are well-priced and comfortable in transit, meeting the quality required of a 4-star service and the increasing needs of passengers.

Vietnam Airlines offers the UK’s only nonstop flights to Vietnam, operating daily services from Heathrow Terminal 4 to Hanoi or Ho Chi Minh City. Flights are carefully scheduled to offer convenient overnight journeys in both directions, and excellent onward connections via its comprehensive network of over 40 destinations in Asia, including 23 within Vietnam and Indochina, as well as China, Japan and Taiwan.