Vietnam Airlines Reports Strong Revenue Growth and Profit in 9M 2024, Plans Equity Increase
Vietnam Airlines has reported a solid financial performance for the first nine months of 2024, achieving a consolidated after-tax profit of $247.6 million alongside a 24.6% increase in total revenue, amounting to $3.3 billion. These results mark a significant improvement in the airline’s financial position, fueled by increased passenger demand across domestic and international routes and strategic initiatives to optimize operational efficiency. Despite these positive financial indicators, Vietnam Airlines faces a negative equity situation, prompting plans to issue new shares to bolster its equity base.
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