- Revenue: USD1,300 million, -16.7% year-on-year;
- Pre-tax profit: USD8.1 million, -42.1%;
- Passenger numbers: 9.3 million, +5.7%.
Vietnam Airlines revenue down 16.7%, pre-tax profit down 42% in 2009
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Vietnam Airlines readies to enter US market, with Ho Chi Minh-LAX, following A350-900 HGW order
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Vietnam Airlines has been preparing for flights to the US for several years and now finally has committed to acquiring an aircraft capable of launching its preferred US route. Several US routes are possible but Ho Chi Minh-Los Angeles is by far biggest Vietnam-US city pair with over 100,000 annual one-way passengers.
Vietnam Airlines will join Philippine Airlines, Singapore Airlines and United Airlines – and likely Garuda Indonesia and Thai Airways – in operating nonstop flights from Southeast Asia to the continental US. New generation aircraft have opened up new opportunities to operate Southeast Asia-US fights economically but overcoming intense one-stop competition will be a challenge.
VietJet Air Part 3: international expansion accelerates as IPO approaches and order book grows
Vietnamese LCC VietJet Air is accelerating international expansion with at least five new routes in 4Q2016. VietJet will end 2016 with at least 14 international routes, compared with only seven at the beginning of 2016.
The Vietnamese LCC turns five years old in Dec-2016 and is approaching a critical juncture as it starts to pursue faster international expansion and prepares for an initial public offering (IPO). VietJet has been very successful in the Vietnamese domestic market, driving rapid growth and quickly capturing a 40% share.
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