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Jetstar Pacific

Vietstar Airlines granted consent for commercial operations

The Vietnam Civil Aviation Authority (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines to carry out commercial flights in the country.

Vietnam Airlines reports 11 per cent fall in half-year pre-tax profit

The national flag carrier has revealed its second quarter’s business results with a VND51.6 trillion ($2.24 billion) in revenue, up 5.5 per cent on-year. Its pre-tax profit has nevertheless been down by almost 11 per cent on-year to VND1.65 trillion ($71.73 million).

Increasing competition will cut down airlines’ profits

Domestic airlines may face difficulties in achieving high revenues in 2019 and profits are anticipated come mainly from the decline in oil prices and service fees from international visitors.

Vietnam Airlines encounters difficulty due to high fuel prices

The average fuel price in the third quarter rose by 37.5 per cent over the same period, which caused the total cost of Vietnam Airlines to increase higher than its total revenue.

Is Jetstar Pacific impeding Vietnam Airlines’ growth?

Within five years after being operated by Vietnam Airlines, Jetstar Pacific has never competed with VietJet Air and it also broke loss records even though its revenue has grown in line with the overall trend of the market.

Low-cost carrier Jetstar Pacific sinks into losses

Jetstar Pacific, the first low-cost carrier in Vietnam, has repeatedly reported losses over the past few years with the accumulated loss of $184 million, exceeding its charter capital.

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