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: As the national carrier, Vietnam Airline’s is often flouted as a point of national pride. However, it weathered the COVID-storm badly and has come out in a not-great financial state. This has seen the HoSE threaten to delist the airline several times but as yet has not done so. With mounting losses, it feels like delays to its annual shareholder’s meeting may be an avoidance tactic rather than necessary to address ‘unfinished preparations’ which suggets investor’s may be in for some not-great news.