Airport operator targets record revenue
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The Airports Corporation of Vietnam (ACV) has set a revenue target of VND19.36 trillion ($823.92 million) this year, exceeding pre-pandemic levels and the highest since its establishment.
ACV, which operates 22 airports in Vietnam, expects the aviation industry to see a strong recovery in both domestic and international flights.
The company plans to serve 118 million passengers this year, up 20% on 2022.
The number of takeoffs and landings are expected to hit 777,000, up 17%.
These figures are set to bring the company a revenue of VND19.36 trillion, an increase of nearly 40%.
This is VND1 trillion higher than in 2019, before the pandemic affected the industry.
ACV, however, set a modest profit target of VND8.49 trillion, down 3% from 2022 and 16.5% from 2019.
This is due to high input costs and overloaded airports, which are set to put pressure on operations.
Questions & Answers
Q.Why is the company's profit target lower despite record revenue projections?
Why is the company's profit target lower despite record revenue projections?
ACV has set a modest profit target of VND8.49 trillion due to high input costs and overloaded airports. These factors are expected to put significant pressure on the company's operations this year.
Q.How do the projected passenger numbers for this year compare to last year?
How do the projected passenger numbers for this year compare to last year?
ACV plans to serve 118 million passengers this year across its 22 airports. This figure represents a 20% increase in passenger traffic compared to 2022.
Q.Is the projected revenue for this year higher than before the pandemic?
Is the projected revenue for this year higher than before the pandemic?
Yes, the target revenue of VND19.36 trillion is VND1 trillion higher than the revenue recorded in 2019. This means it exceeds pre-pandemic levels.
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