Vietnam Airlines plans to restore its entire flight network by the end of 2023

The restoration of international flight routes is an important condition for Vietnam Airlines to reduce losses and become profitable in the near future, heard at the 2022 Annual General Meeting of Shareholders of the Vietnam Airlines on the morning of June 28.

BÀI VIẾT LIÊN QUAN

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Vietnam Airlines plans to restore its entire flight network by the end of 2023. (Photo: VNA)

In the first six months of 2022, Vietnam Airlines has resumed flights to 14 countries and territories, including the UK, France, Germany, Australia, the US, Japan, Korea, Thailand, Malaysia, Singapore, Laos, Cambodia, Taiwan, and Hong Kong.

Lately, the airline has opened a new route to India and is preparing the necessary conditions to immediately reopen flights to China, Myanmar, and Russia when the conditions permit.

The national carrier is expected to resume flights to Indonesia in July and key international routes to Japan, Korea, and Australia in November at the same flight frequency as in 2019. It hopes that it will be able to restore the entire international flight network, equivalent to that in 2019 by the end of 2023.

The gradual restoration of international flight routes is an opportunity for Vietnam Airlines to improve the usage efficiency of resources, increase revenue, improve production and business results, reduce losses, and aim at profits in the following years.

In 2021, the total consolidated revenue of this enterprise was only VND29.75 trillion. However, the consolidated pre-tax loss was VND1.34 trillion lower than the forecast. Before the Covid-19 pandemic, international regular flight routes accounted for 65 percent of the airline’s revenue.

Cre: SGGPNEWS

Nguyen Xuan Nghia – COMM

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