Vietnam Airlines is the second domestic airlines after Bamboo Airways to temporarily suspend Vietnam – South Korea flights to prevent the spread of Covid-19 epidemic.
15 out of 16 cases have fully recovered and discharged from hospitals.
Vietnam Airlines is the only local carrier awarded the foreign air carrier permit by the US Department for Transport.
The Vietnam Civil Aviation Authority (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines to carry out commercial flights in the country.
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).
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
The emergence of new airline and existing low-cost carriers has put the flag carrier of Vietnam in voluminous struggles, in terms of losing market share and experienced pilots.
Vietnam Airlines is struggling to retain its pool of qualified pilots amid the so-called excessive competition in the aviation industry, despite a heavy upfront cost poured into recruiting and training these pilots.
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.
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.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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