Vietnam Airlines targets US$ 11.5 billion profit in European market

The national flag carrier Vietnam Airlines hopes to earn US$ 11.5 billion in the European market, US$ 1.7 billion higher than that of 2017. 

An airplane of Vietnam Airline (Photo: VNA)

An airplane of Vietnam Airline (Photo: VNA)

Director of Vietnam Airlines’ branch in France and Europe Cao Anh Son revealed the target at a meeting with more than 100 partners in Paris on January 31.

He said the carrier also targets a 13 percent increase in revenue and an 8.3 percent rise in the number of passengers in 2018.

According to Son, the firm operated 180,000 safe flights in 2017, serving nearly 26.5 million passengers, up 6.7 percent against the previous year. 

The on-time performance (OTP) rate of departing flights reached over 90 percent, turning Vietnam Airlines into one of the world's leading airlines with the highest OTP. 

Vietnam Airlines also continued to affirm its position as the four-star international airlines in line with  Skytrax’s standards in the second consecutive year, with the fleet of 10 Airbus A350-900 XWB  and 11 Boeing 787-9 Dreamliner. 

Representatives from Vietnam Airlines partners in Europe said the carrier has improved its services under the four-star standards, thus bringing convenient services and interesting experience to passengers. 

They hoped the Vietnamese Government will add more countries to the list of those entitled to visa exemption apart from France, the UK, Germany, Italy and Spain, adding that this will help increase competitiveness of the national flag carrier in attracting more customers. 

Airfare agents and travel agencies took the occasion to share information and seek partners, thus promoting sales of tickets and tours to Vietnam.


Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.