Three major airlines in Vietnam has reported operating profits for full year 2018.

Vietnam Airlines reported income of VND102trn (USD4.4bn)

Vietnam Airlines led the list in revenue and ranked second in terms of pre-tax profits. Vietnam Airlines reported income of VND102trn (USD4.4bn) and pre-tax profits of VND2.8trn, about 15% higher than their set goal. They had a total 142,000 flights and over 22 million passengers.

With VND52.4trn (USD2.2bn) in revenue, an increase of 24% compared to the previous year, Vietjet Air is ranked below Vietnam Airlines but its pre-tax profit was higher at VND5.8trn. In 2018, it had 118,923 flights and over 23 million passengers.

Jetstar Airlines also announced a total VND9.1trn (USD394m) in revenue, 21% higher than their goal for the year. Jetstar Airlines had over 40,000 flights and 6.2 million passengers.

These figures may attract larger investors into the aviation industry.

On January 7, Bamboo Airways was granted the Aircraft Operator Certificate (AOC) for commercial flights and joined Vietnam's skies.

In the first phase, it will operate 60 domestic flights a day including Hanoi-Quy Nho, Hanoi-HCM City, HCM City-Van Don and Hanoi-Dong Hoi routes. They will also launch international flights to Japan, Singapore and South Korea in 2019.

Bamboo Airways will be Vietnam’s first hybrid carrier, combining the traditional and low-cost models.

Tien Phong/Dtinews