January 2, 2019 – Vietnam Airlines Group has today announced its historic profit of VND 2.8 trillion. The Group continues to conclude another year of growth and innovation due to robust demand for air travel, optimized operational efficiency, enhanced control together with the implementation of market-driven solutions in the condition of high fuel prices.

For the first time, Vietnam Airlines and its member airlines (including Jetstar Pacific and VASCO) have exceeded the VND 100 trillion mark in total consolidated revenue, generating approximately VND 102 trillion. Pre-tax profit reached VND 2.8 trillion, exceeding the planned figure of 15 per cent. In which, Vietnam Airlines pocketed VND 73.5 trillion pre-tax revenue and more than VND 2 trillion pre-tax profit. Its contribution to the State budget is roughly VND 6.6 trillion. The financial fortunes are attributed to the Operating Profit Margin of 4.38 per cent and Debt to Equity ratio of below 3, lower than that of the beginning of 2018.

In addition to the positive financial result, Vietnam Airlines has carried over 22 million passengers on 142,000 flights and 350,000 tons of cargo in 2018. Vietnam Airlines is among the world's leading airlines in on-time performance, scoring OTP at 90 per cent averagely.

The airline made significant progress in modernizing the fleet and investing in technology with two wide-bodies Airbus A350 and three narrow-bodies A321Neo. As a 4-star airline recognized by Skytrax for three consecutive years, Vietnam Airlines takes great pride in providing the best flying experience using one of the youngest and most modern fleets in the region.

Reflecting on the year, Duong Tri Thanh, President and CEO of Vietnam Airlines said: “Vietnam Airlines’ strong earning performance capped another year of extraordinary achievement, including surpassing the VND 2 trillion mark in profit. We made significant progress on several key initiatives in 2018 including improved human resources management, enhanced product portfolio and on-time-performance index. 2018’s success offered an unparalleled opportunity for Vietnam Airlines to unlock further growth and bolster the service quality.”

In 2019, Vietnam Airlines will continue to complete the remaining procedures relating to privatization: increasing charter capital and transferring to Ho Chi Minh Stock Exchange; complete fleet development plan for 2021-2025- vision till 2030, incorporate new digital industrial technology, known as Industry 4.0, synchronize IT system and leverage digital business.

For more information, please contact:

Vietnam Airlines PR

Address: Vietnam Airlines, No. 200 Nguyen Son, Long Bien, Hanoi

Hotline: +84 903242577

Email: public-relations@vietnamairlines.com

About Vietnam Airlines:

Vietnam Airlines is the flag carrier of Vietnam and the major carrier in the South East Asia, operating 94 routes to 21 domestic and 29 international destinations with an average of 400 flights per day, connecting the world’s major cities to mesmerizing travel destinations in Vietnam, Laos, Cambodia and Myanmar.

Vietnam Airlines became a member of SkyTeam - a global airline alliance whose 19 members provide access to an extensive global network of 14.000 daily flights to 1150+ destinations in 175+ countries – in 2010, reaffirming the carrier’s position on the global aviation map. In 2015, Vietnam Airlines became the first airline in the world to successfully operate both next-generation aircraft Boeing 787-9 Dreamliner and Airbus A350-900 XWB at the same time.

Vietnam Airlines has established itself as one of the region’s leading airlines thanks to its modern fleet and commitment to innovation and development, earning recognition from international and national communities through a series of prestigious awards. Skytrax - the world’s leading airline and airport rating organization - has ranked Vietnam Airlines as a 4-Star Airline for three consecutive years. Vietnam Airlines was also named “Asia Pacific Airline of the Year” by CAPA in 2017 and several awards from World Travel Awards including “World’s Leading Airline – Premium Economy Class” and “World’s Leading Cultural Airline” (2017, 2018); Asia’s Leading Airline – Economy Class and Asia’s Leading Cultural Airline (2016). This achievement is the result of the carrier’s tireless dedication to providing the highest quality across a range of products and services.

Vietnam Airlines has spearheaded Vietnam’s aviation market - one of the fastest-growing domestic markets in the world - throughout 20 years of development at a double-digit annual growth rate. Positioning itself as a modern carrier with an internationally recognisable brand characterised by Vietnamese traditional culture, Vietnam Airlines aims to achieve 5-star status and become a major airline in Asia.