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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…
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…
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…
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.…
Vietnam Airlines expects financial difficulties to last until the end of 2023, amid aftermath of the Covid-19 pandemic. The flag carrier targets to be profitable and turn around its negative equity this year, it said in a filing to the Ho Chi Minh Stock…
Vietnam Airlines remained in the red in Q1 despite revenues rising to a two-year high, with net losses of VND2.62 trillion (US$113.1 million). Revenues were up 55 percent year-on-year to VND11.6 trillion, the highest since 2020, when Covid-19 started to…
The Ministry of Finance has turned down airlines’ requests for further tax breaks, saying they have received enough support from the government. In response to several airlines’ request to reduce value-added tax from 8 percent to 5 percent and fuel import tax…
On Mar. 15, Vietnam fully reopened its borders to foreign tourists, allowing quarantine-free entry and reinstated its pre-pandemic visa policies, including waivers for nationals of 24 countries. “These positive moves have contributed to strengthening…
The accumulated loss of national flag carrier Vietnam Airlines climbed to VND21.98 trillion ($928.39 million) last year, roughly the same as its charter capital. The airline was hit hard by the Covid-19 pandemic that saw borders closed and commercial flights…
Vietnam Airlines proposed to raise the price cap for domestic travel from April 1 and add a fuel surcharge for local routes. The current price cap of air transportation services is no longer suitable, the airline said in its proposal sent to the Ministry of…
Vietnam Airlines and Bamboo Airways have opened ticket sales to several locations including the U.S., Japan and Taiwan, signaling the resumption of international travel on New Year’s Day. National flag carrier Vietnam Airlines is offering tickets between HCMC…
Vietnam Airlines and Air Lease Corporation have agreed on a leasing discount exceeding $1 billion for 18 aircraft while the former face financial challenges amid the pandemic. U.S.-based ALC, one of the biggest aircraft leasers in the world with 450 jets,…
Vietnam Airlines plans to sell 15 planes this month and 12 others in the next two years, its CEO said. “Vietnam Airlines plans to sell nine A321s and six ATR-72s in December. From 2022 to late 2023, an additional 12 A321s will be sold,” CEO Le Hong Ha told…
National flag carrier Vietnam Airlines recorded a net loss of over VND3.5 trillion ($154.3 million) in the third quarter, a sharp decrease compared to the first two quarters. According to a summary of consolidated financial statements for the third quarter,…
Vietnam Airlines has launched a new e-commerce platform VNAMALL, focused on selling imported products from countries to which it operates. As many as 300 products are available starting Monday on the platform, mainly pastries, fruit and wine. The airline also…
A one-way ticket from Vietnam to the U.S. will cost around $1,000 and be available on the Vietnam Airlines website in a few days, the carrier has said. There would be a reduced number of passengers to lower the aircraft’s weight to ensure no fuel stops are…
