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Vietnam Airlines earns US$ 64.6 million profit in first quarter

National flag carrier Vietnam Airlines yesterday announced its business performance in the first three months of 2019 with total consolidated revenue of around VND 26,000 billion (US$ 1.1 billion), an increase of 4.3 percent compared to the same period last year.

Vietnam Airlines earns US$ 64.6 million profit in first quarter

Regarding to the profit, the Vietnam Airlines earned VND 1,500 billion (around US$ 64.6 million) pre-tax profit, being equivalent to 40 percent of the whole year's estimates.

Along with the sustainable growth of financial targets, the national flag carrier operated nearly 33,500 flights carrying more than 5.4 million passengers in the first three month of this year, an increase of 2.5 percent compared to the same period of last year.

According to Vietnam Airlines, the enterprise is expected to list its shares on the Ho Chi Minh City Stock Exchange (HOSE) and hold an annual general meeting of shareholders 2019 in the second quarter of this year.

On the same day, a signing ceremony on cooperation between the People’s Committee of Tay Ninh province and Vietnam Airlines was taken place in Tay Ninh city.

BY BICH QUYEN- XUAN TRUNG- Translated by Huyen Huong

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