Vietnam Airlines’ profit rockets to $71 mln in first half

By Toan Dao   July 22, 2016 | 01:31 pm GMT+7
Vietnam Airlines’ profit rockets to $71 mln in first half
A Vietnam Airlines aircraft taking off. Photo by VnExpress

The national flag carrier nearly tripled its gross profit thanks to a jump in passengers.

Rising passenger numbers have helped drive Vietnam Airlines' profits skywards in the first six months of this year, according to a company report.

Vietnam Airlines transported 9.65 million passengers in the period, an increase of 15.5 percent on-year, with foreign passengers up 6.9 percent and domestic passengers up 21.1 percent, the national flag carrier said in the report.

As a result, the airliner's gross profit in the first six months jumped to VND1.598 trillion ($70.7 million), a massive 272 percent spike on-year.

However, it also reported more threats to aviation safety and security in the first six months, according to the report.

The company had to deal with 65 aviation safety and security incidents, an increase of nine from the same period last year, the report said.

The airline conducted around 70,000 flights in H1, up 10.7 percent on-year. 

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