• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Talk Vietnam

News from Vietnam and around the world

  • Home
  • Politics
  • Business
  • Society
  • Entertainment
  • Sports
  • Travel
  • Tech

Fossil fuels

Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

May 22, 2022 by tuoitrenews.vn Leave a Comment

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Filed Under: Business Vietnam Life - Vietnam Airlines suffers $113mn Q1 loss despite revenue surge, TTNTAG, delays vietnam airlines, loss at revenue, which vietnam airline is best, vietnam airlines how much baggage, why airline industry is in loss in india, why airline industry is in loss, meals vietnam airlines, ranking vietnam airlines, penerbangan vietnam airlines, deloitte prioritises spending on new technologies as revenue surges, deloitte prioritises tech spending as revenue surges, reservations vietnam airlines, stopover vietnam airlines, hotlines vietnam airlines, vietjet or vietnam airlines, one suffers from memory loss crossword, atf suffers rare court loss, suffered a great loss, suffered for hair loss, scepticism over ‘value’ comeback despite energy surge

Primary Sidebar

RSS Recent Stories

  • Việt Nam canoeists take medal lead
  • Thanh breaks 3 records for weightlifting gold
  • Thailand, Việt Nam taste first aerobic golds
  • Games bonuses await athletes
  • Fencer, volunteers collects rubbish in Mỹ Đình Gymnasium
  • Hà Nội Cuisine Festival opens
  • Hà Nội needs to combine green growth with urban development
  • V4 countries share agricultural innovation
  • Pink Silk collection accentuates northern highland folk traditions
  • Vietjet resumes flights to South Korea

Sponsored Links

Copyright © 2022 Talk Vietnam. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story