Airport ground services firm targets $4.1 mln profit

Its revenue target is VND795 billion, a 7 percent rise. The targets were announced at the company’s annual general meeting on Tuesday.

It is set to benefit from the start of the new Vietravel Airlines by leading tour company Vietravel last January and the gradual resumption of international flights from July.

“Many countries including Vietnam are considering issuing vaccine passports to resume international flights, which will enable the aviation industry to recover,” the company’s chairman Dang Tuan Tu, said.

Last year the company reported revenues of VND746 billion, a 53 percent decline, and profits of VND88 billion, down 74.5 percent as international flights were grounded and tourism came to a standstill.

The average number of flights it served per day last year was 70 percent down from the normal 350.