The national flag carrier, Vietnam Airlines, earned a pre-tax profit of VND533 billion (USD25.3 million) in 2013, 34% more than the year's target, despite difficulties in the world economy, according to the airline's press release.
Vietnam Airlines earned a pre-tax profit of VND533 billion this year
During the year, Vietnam Airlines earned a total revenue of VND72.6 trillion (USD3.4 billion), up 8.5% from the year's plan.
In 2013, Vietnam faced many difficulties, such as lower demand and a depreciation of certain currencies, such as JPY and AUD against USD, affecting the firm’s revenues.
According to the airlines they conducted 114,000 safe flights, 2.9% higher than the target for the year, and transported 15 million passengers, beating their target by 8.5%. Occupancy rates were estimated to have been 79.5%, setting a record.
The global economic situation is forecast to be better in 2014, the company hopes will boost travel demand. According to the International Air Transport Association (IATA), the world aviation sector will continue growing in the next five years.