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 the firm is already limited on the Ho Chi Minh City Stock Exchange and it has been threatened many times with delisting over its failure to meet disclosure deadlines for its annual report and annual shareholders meeting.
That said, this year it has continued to extend the number of routes it offers and announced that it was considering purchasing 50 Boeing 737 Max back in September. Of note there has been some suggestion that its aviation fuel money-spinning subsidiary Skypec may be sold off and this could substantially improve the firms finances.
See more coverage of Vietnam Airlines here: Vietnam Airlines News.