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Vietnam Airlines Group makes $895 million profit in Q1
The Vietnam Airlines Group earned syndicated revenue of VNĐ20.4 trillion (US$895.1 million) in the first quarter of this year, reaching 23.8 per cent of its yearly target.
The national carrier Vietnam Airlines, made VNĐ16.34 trillion in revenue, up 8.4 per cent, earning pre-tax profit of VNĐ485 billion in the first quarter of this year.
Of this figure, pre-tax syndicated profit is estimated at VNĐ539 billion, baodautu.vn reported.
The group, including Jetstar Pacific Airlines and Vietnam Air Services Company, undertook 34,265 flights during the period, 91.6 per cent of which were reportedly on time, an increase of 6.2 percentage points over the same period last year.
The volume of passengers and goods rose by 9.3 per cent and 22.9 per cent to touch more than five million passengers and 756 million tonnes of goods, respectively.
The parent, national carrier Vietnam Airlines, made VNĐ16.34 trillion in revenue, up 8.4 per cent, earning pre-tax profit of VNĐ485 billion.
It is reported that the carrier’s business performance was greatly affected by the fuel price hike, which was $65.3 per barrel, 8.8 per cent higher than the plan – resulting in the cost rising more than VNĐ260 billion.
According to statistics of Vietnam Airlines, the aviation market received total 13.46 million passengers in the first quarter of this year, up 17.9 per cent.
Although the market has seen continuous growth during the period, the rate of growth has slowed.
Greek ambassador missing in Brazil: officials
Rio de Janeiro (AFP) - Greece's ambassador to Brazil, Kyriakos Amiridis, went missing three days ago near Rio de Janeiro while vacationing with his family, officials said Thursday, asking for information that could help locate him."A case has been opened to investigate the ambassador's disappearance," Rio state police said in a statement.The investigation is being led by the missing persons section of the homicide division in the Rio neighborhood of Baixada Fluminense, on the city's west side,… chat_bubble_outline Read More...
Insurance company revenues soar
Total premium revenues in Vietnam’s insurance market reached VND85.5 trillion ($3.83 billion) in 2016, a 22 per cent increase compared to 2015, according to the Insurance Supervisory Authority (ISA) under the Ministry of Finance (MoF). The total revenue in non-life insurance was VND36.4 trillion ($1.63 billion), up nearly 14.68 per cent, and the revenue in life insurance was over VND49.2 trillion ($2.2 billion), an increase of 28.35 per cent.As estimated, in 2016 insurance companies invested… chat_bubble_outline Read More...
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Real estate catches eye of Japanese investors
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Foreign giants interested in Vietnamese real estate
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