Vietnam Airlines’ cargo up 18.1% in first half of 2016

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Vietnam Airlines

Vietnam Airlines handled 124,800 tonnes of freight in the first six months of 2016 from January to June 2016 – a surge of 18.1 per cent on last year.

The carrier also explains the Vietnamese aviation market grew by a significant 27.2 per cent compared to the same period last year, with a 37 per cent increase in the domestic market.

As for financial results in the first half of 2016, the company’s consolidated revenue is estimated at more than 36 trillion Vietnamese Dong ($1.44 billion) and pre-tax profits are estimated at 1,600 billion Vietnamese Dong, reaching nearly seven per cent of the target set for 2016.

The airline’s parent company recorded an estimated revenue of over 29 trillion Vietnamese Dong and nearly 1,140 billion Vietnamese Dong in estimated profits, reaching over seven per cent of the target set for 2016.

Vietnam Airlines says results in the first six months were achieved despite the difficulties and challenges it faced due to economic slowdown, instability and terrorism in Europe and overcrowded infrastructures, especially at Tan Son Nhat International Airport.

In responding swiftly to these circumstances the carrier says it has captured the strong growth of the Vietnamese market, and expanded by adopting effective measures to improve its operations and make good use of favourable conditions and thanks to these measures, the business has achieved positive results with a high growth rate over the period, exceeding targets.

Vietnam Airlines’ was also restructured and acquisition was completed with the signing and receipt of the share transaction payment made by ANA Holdings, who became a strategic shareholder on 1 July.