Ha Noi (VNA) – Vietnam Airlines, the national air carrier, plans to hit 22.8 trillion VND (1.43 billion USD) in revenue this year, a 12 percent rise over 2007, the carrier reported January 16.
The airline is set to carry more than 8.95 million passengers and 124,930 tonnes of cargo this year, up 12 and 8.5 percent respectively from last year’s figures.
Despite the rising cost of fuel and intense competition in both the domestic and international markets, Vietnam Airlines managed to register a positive performance in 2007 with a turnover of 20.37 trillion VND, a climb of 15.5 percent against the previous year. Its before tax profit in 2007 was around 370 billion VND, 6 percent higher than the year before.
Last year, the airline transported over 8 million passengers and 115,380 tonnes of cargo on both domestic and international flights.
However, Vietnam Airlines also reported that the number of flights that were delayed or postponed was 11,500 last year, or about 16 percent of its flights.
The carrier spent nearly 4.75 trillion VND (297 million USD) to expand its fleet last year, signing contracts to buy eight Boeing 878-8 airplanes, ten A350-900s, ten A321-200s and five ATR 72s, all to be delivered from now until 2020 under plans ratified by the Government.
Vietnam Airlines’ subsidiary VASCO – the Vietnam Air Service Co – carried 152,540 passengers and earned 104 billion VND in revenue last year.-Enditem
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