Airport ground services firm targets $4.1 mln profit
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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.
Questions & Answers
Q.What are the company's financial targets for the current period?
What are the company's financial targets for the current period?
The company is targeting revenues of VND795 billion, a 7 percent increase, and a profit of $4.1 million. These goals were announced at their annual general meeting.
Q.Which new airline is expected to contribute to the company's growth?
Which new airline is expected to contribute to the company's growth?
The company is anticipated to benefit from the launch of Vietravel Airlines, which began operations in January. This new carrier is part of leading tour company Vietravel.
Q.How did the company's financial performance fare last year?
How did the company's financial performance fare last year?
Last year, the company reported revenues of VND746 billion, a 53 percent decrease, and profits of VND88 billion, down 74.5 percent. This decline was due to international flight groundings and halted tourism.
Q.What is the company's chairman's view on the aviation industry's recovery?
What is the company's chairman's view on the aviation industry's recovery?
Chairman Dang Tuan Tu believes the aviation industry can recover through the issuance of vaccine passports. Many countries, including Vietnam, are considering this measure to resume international flights.
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