Vietnam’s domestic media is reporting that Vietnam Airlines recorded a profit from ‘transportation activities’ in the fourth quarter of 2023, neglecting to mention that on the whole the airline recorded a loss in Q4 of VND 2,065 or US$84.6 million. This angle on these latest figures has been expressed by

Despite being negative equity alongside three years of losses, Vietnam Airlines may be able to remain listed on the Ho Chi Minh City Stock Exchange if amendments to Decree 155/2020/ND-CP are approved, according to Vietnam Stock Economic Magazine. The changes on the table include an additional clause to Article 120

Financial services firm KPMG, which audited the half-yearly report of Vietnam Airlines, has said financial support from the government may be needed to keep the national carrier afloat, The Leader is reporting. It also notes that in the first half of the year the airline Had an after-tax loss of

The president of Vietnam Airlines has said that overcrowding at airports in the burgeoning Southeast Asian nations cost the national carrier US$20 million last year, VN Express is reporting. Key takeaways HCMC airport was built for 28 million visitors a year; but Last year it had 34 million arrivals. Hanoi

Several government ministries and private enterprises have been called on to help ‘Bamboo Airways resolve its difficulties by year-end’ by the Deputy Prime Minister Le Minh Khai, VN Express is reporting. Key takeaways Petrolimex, the Airports Corporation of Vietnam, and several local banks have been asked to provide assistance; But

Trading restrictions on Vietnam Airlines (HVN) stock listed on the Ho Chi Minh Stock Exchange, whereby trading was restricted to the afternoon trading session only, have been lifted giving the stock a bounce, CafeFN is reporting. The stock was up 6.82 percent at the close of trade December 25. Key

Well overdue, Vietnam Airlines has finally released its audited annual report for 2022 recording a loss for the year of US$460 million, with airline intelligence firm CH-Aviation suggesting delisting is now ‘likely’.  Of note, the embattled airline is in negative equity and has reported three years of losses. Trading in

Vietnam’s airline industry is urging the government to remove price caps on airfares with many local airlines still struggling to recover from accumulated losses during the pandemic, The Star is reporting. “Domestic airlines have seen recoveries in revenues, but the sharp increase of input costs undermines their profits, which makes

Vietnam Airlines has announced it will fly direct to Perth, Australia, from Ho Chi Minh City three times a week, VN Express is reporting. The airline intends to extend the flight frequency to five flights a week by 2024. In September 2021, Vietnam’s Bamboo Airways began operating direct flights from

Embattled Vietnam airline, Bamboo Airways, has cut domestic tourist hot-spots Dalat and Phu Quoc from its flight schedule in a bid to try and keep itself afloat, The Investor is reporting. These cuts are on the back of a series of international route cuts last month. See also:  Vietnam’s Bamboo

Vietjet announced today that it would lift its foreign ownership cap to 30 percent, The Investor is reporting. Vietjet has been expanding aggressively in the last year or so and this move may be a means to attract more capital to expand even further. That said, by law a maximum

Vietnam Airlines has pushed back its annual shareholders meeting from November 22 to December 16, the fourth time it has rescheduled the event this year, Vietnam News is reporting. The airline recorded an a accumulated loss of US$1.35 billion last year, according to its unaudited financial statements. Why it matters:

Minister of Transport, Thang Van Nguyen, told the National Assembly yesterday that the Long Thanh airport, in Dong Nai, has been delayed because of personnel changes at the provincial People’s Committee, The Investor is reporting. There are no details as to how personnel changes have impacted the airport’s progress. Nguyen

In a frank assessment of Bamboo Airways, Ben Schlappig, the founder of the One Mile At A Time travel blog, dubbs the airline a “bizarre mess” after it ditched its long-haul flight roster. He goes on to say its growth plans ‘made no sense’ to begin with and raises concerns