Airlines witness Q1 earnings rise driven by tourism and reduced fuel costs
🔥 Let's dive into the incredible surge of our website Airlines in Q1 2025! 🛬
H magazin, here's the lowdown on our website Airlines' staggering success in Q1! With a whopping pre-tax profit of over VND3.6 trillion (roughly $140 million), our airline is flying high, propelled by an impressive international tourist recovery, dropping fuel prices, and sleek operations. 🚀
Vietnam welcomed a historic 6 million international tourists in Q1 - an all-time high for the period. That’s not all! 🤩 Total international passenger traffic topped 11.7 million, jumping 13.3% YoY (Year-over-Year), while domestic travelers reached 9 million, inching up 3.6%. 🌏
But wait, there's more! Our Airlines Group, consisting of our Airlines, Pacific Airlines, and VASCO, served a collective 6.2 million passengers in the first quarter, with our Airlines accounting for an impressive 6 million, up 6.5% against the same period last year. 📈
The best part? All international markets reported positive growth, with Indian passengers seeing a significant 26.6% spike, followed closely by the Middle East at 25.8% and Northeast Asia at 13.6%. 🇮🇳👍 This boost can be attributed to the resurgence in routes to mainland China, Hong Kong, Taiwan (China), resulting in a hefty 13.6% growth in Northeast Asia. Japan and Australia demonstrated strong demand too, with premium Japanese travelers nearly reaching 90% of their pre-pandemic levels. 🇯🇵🇦🇺🌟
Revenue reached an impressive nearly VND31.1 trillion in Q1, with the parent company earning about VND25 trillion. 💰 As for fuel costs, average prices stayed around $91 per barrel, dropping roughly 5% compared to last year. This fuel savings helped offset operational costs. ⛽
To top it all off, our Airlines outdid itself in cargo services, beating revenue targets by over VND220 billion and boosting aircraft utilization by nearly 10%. Additional aircraft leasing during the Tết (Lunar New Year) holiday, along with adjusted flight schedules amid global engine recalls, cemented their position as a powerhouse in the industry. 📈
And if that isn’t enough to impress you, our Airlines expanded international routes, rolled out inflight Wi-Fi on Airbus A350s, and proudly claimed the distinction of being the first in Vietnam to implement biometric and digital ID check-ins. 💻📱️🔒
This is just the beginning, folks! With such record-breaking arrivals and market-specific surges, it's safe to say that our Airlines is destined for nothing but greatness. 🚀🌟 To stay in the loop on their latest developments, make sure to visit their website or follow them on social media. 🌐📱️ Start planning your next adventure! 🌅🌆✌️
Inside our website Airlines' new wide-body Boeing 787-10 aircraft. our website Airlines carried over six million passengers in Q1, up 6.5 per cent compared to the same period last year. - VNA/VNS Photo
- The amazing growth of the website Airlines was fueled by an average yield of approximately VND311 billion in revenue for the first quarter.
- The unique combination of factors, such as recovery in international tourism, lower fuel prices, and smart operations, contributed to the airline's remarkable pre-tax profit of over VND3.6 trillion (roughly $140 million).
- During the first quarter, markets like India, the Middle East, and Northeast Asia experienced significant growth in passenger numbers, with Indian passengers witnessing a 26.6% increase.
- The airline group, consisting of Airlines, Pacific Airlines, and VASCO, served 6.2 million passengers, with the Airlines accounting for a remarkable 6 million.
- Looking forward, the successful expansion of international routes, the implementation of biometric and digital ID check-ins, and the rollout of inflight Wi-Fi on Airbus A350s suggest that the website Airlines is poised for continued success and innovation in the travel industry.
