Vietnam Airlines

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Retail Asia15/04/2024

Vietravel Airlines has reported a profit of VND10 billion (US$400,128) for the first three months of the year, achieving its first profitable quarter since its inception in 2021. As a subsidiary of the tour operator Vietravel, the airline announced first-quarter revenues exceeding VND491 billion, surpassing its initial target by 42%. The profits stemmed from increases […]

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Retail Asia13/03/2024

Vietnam Airlines will launch two new routes connecting Hanoi and Ho Chi Minh City with Germany’s Munich starting October. The state-owned carrier said Tuesday that it will use the wide-body Boeing 787 aircraft for the routes. The Hanoi-Munich route will have two flights per week, departing on Friday and Sunday and returning on Monday and […]

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Retail Asia17/01/2024

Vietnam Airlines has increased the number of flights with up to 66,200 more seats to meet high demand during the upcoming holiday. The group announced Tuesday morning that 310 flights will be added between Jan. 25 and Feb. 24. Air travel demand is expected to rise during the seven-day Lunar New Year holiday in early […]

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Retail Asia21/11/2023

Vietnam Airlines is the latest member to join the Association of Asia Pacific Airlines (AAPA), as announced by a press release on 14 November, with immediate effect. As part of the AAPA, Vietnam Airlines will participate in the Association’s meetings and joint activities, where members can stay updated and exchange information about the trends in […]

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Retail Asia15/11/2023

Vietnam Airlines has canceled its annual general meeting for a fourth time this year pleading “unfinished” preparations even as it continues to struggle with losses. The state-owned carrier informed the Ho Chi Minh Stock Exchange Monday that its meeting scheduled for Nov. 22 has been moved to Dec. 16. The AGM was first scheduled for […]

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Retail Asia12/07/2023

Vietnam Airlines is set to auction three narrow-body aircraft Airbus A321CEO at a starting price of $5 million apiece in this quarter. The three jets were made in 2007 and are currently at Noi Bai International Airport and Tan Son Nhat International Airport. In 2020 the state-owned carrier sold five Airbus A321 aircraft for $7.4 […]

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Retail Asia07/07/2023

Over 2.2 billion HVN shares of Vietnam Airlines will be restricted from trading in the afternoon only, starting from July 12, due to the company’s delay in submitting its financial reports. The Ho Chi Minh Stock Exchange made the restriction decision on Wednesday after the airline was more than 45 days late in filing its […]

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Retail Asia12/05/2023

The average monthly salary of Vietnamese pilots working for Vietnam Airlines was 41% lower than their foreign colleagues’ last year, a gap that caused many to quit. A recent report by the Ministry of Labor, Invalids and Social Affairs, which flagged this, said the 829 Vietnamese pilots working for the carrier received on average VND85 […]

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Retail Asia08/05/2023

Vietnam Airlines’ HVN shares will see trading restrictions from May 12 for failure to file its results in time. The carrier has been more than 30 days late in submitting its audited consolidated financial statements for 2022, the Ho Chi Minh Stock Exchange (HoSE) said in a statement. At the end of March Vietnam Airlines […]

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Retail Asia08/05/2023

National Citizen Commercial Bank plans to seek shareholders’ permission this month to sell 203 million shares, equivalent to a 11% stake, of Bamboo Airways. Property developer FLC pledged some of the shares as collateral for loans. FLC and its disgraced former chairman, Trinh Van Quyet, who is in custody for alleged stock market manipulation, had […]

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Retail Asia02/05/2023

Vietnam Airlines posted a pre-tax profit of VND19.3 billion ($822,500) in the first quarter after losses in 12 consecutive quarters. The airline saw revenue doubling year-on-year to VND23.64 trillion, the highest quarter record since Q1 2020. It is near the pre-pandemic levels of 2019. The state-owned carrier however still posted a post-tax loss of VND37.3 […]

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Retail Asia28/04/2023

Vietravel Airlines is expecting to expand its fleet to six by adding three more aircraft in the third quarter following a plan set out from the early days of its establishment. The move in association with a recruitment program slated for May in Ho Chi Minh City aims to help the carrier be ready for […]

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Retail Asia27/02/2023

Airlines and some experts have proposed hiking and eventually removing domestic airfare caps to support businesses in difficult times. Last year, no domestic airlines were profitable because of higher fuel costs, foreign exchange rates, and interest rates, while airfare caps have been kept unchanged for eight years. On Friday, participants at a conference on supporting […]

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Retail Asia10/02/2023

Vietnam Airlines and Vietjet incurred losses of VND10 trillion (US$423.7 million) and VND2.17 trillion last year mainly due to higher fuel prices and forex volatility. Vietnam Airlines reported consolidated revenues of VND71 trillion, higher than the combined revenues of 2020 and 2021 but only 70% of pre-pandemic levels. Last year, its losses of VND10 trillion […]

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Retail Asia23/01/2023

Vietnam Airlines reported a loss of VND10.09 trillion ($430.3 million) last year and blamed it on rises in fuel prices and exchange rate volatility. Its revenues were worth around VND71 trillion, equivalent to 70% of revenues in 2019 before the Covid-19 pandemic hit but higher than the combined figures of 2020 and 2021. As of […]

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Retail Asia18/01/2023

Vietnam Airlines has expanded its Tet schedule for a fourth time with 108 additional flights with 20,000 seats. The airline said most of the flights are from HCMC and Hanoi to Vinh, Thanh Hoa, Hai Phong, Da Nang, and Hue. In all there will 9,200 flights with 1.9 million seats between January 1 and February […]

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Retail Asia29/12/2022

Vietnam Airlines has announced it will increase the number of flights during Tet (Lunar New Year holidays) by a further 500 after informing increases in August and early December. The 500 flights will be between Jan. 6 and Feb. 5, 2023, and have over 90,000 seats. Most of them will be from HCMC and Hanoi […]

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Retail Asia12/12/2022

Stocks of Vietnam Airlines, Vietjet and other companies in the aviation industries have surged as the resumption of flights to China amid its relaxed Covid-19 policy boosted investors’ sentiment. HVN of state-owned Vietnam Airlines closed last week at a ceiling price in its third session in the green and returned to the mid-October price range […]

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Retail Asia09/09/2022

HVN of Vietnam Airlines would be delisted if the national carrier continues to report a loss or negative equity this year, the Ho Chi Minh Stock Exchange (HoSE) warned. The ticker is being restricted after Vietnam Airlines posted equity of negative VND2.16 trillion ($91.8 million) in Q1, and losses for the two most recent years. […]

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Retail Asia01/08/2022

Vietnam Airlines managed to cut its losses by 44 percent year-on-year in the second quarter to VND2.48 trillion ($106.25 million), thanks to soaring summer travel demand. Its revenues nearly tripled to VND18.43 trillion, exceeding its target by 35 percent. This was the highest quarterly revenue since 2020 when travel was yet to be affected by […]

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