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Vietnam Airlines confronting cost challenges in 2024 shareholders told
June 25th 2024
Vietnam Airlines chair, Dang Ngoc Hoa, speaking at the airline’s annual general meeting on June 24, said the aviation sector is being challenged by geopolitical conflicts, high fuel prices and rising interest rates. Read More » In response, the SkyTeam alliance member is focusing on expanding to Europe and Southeast Asia, he said. The airline intends to secure market share on key domestic routes and reconfigure its A321ceo fleet to improve operational efficiency, shareholders heard. “The company will focus on restructuring assets, capital, the investment portfolio, the organisational structure and corporate governance reforms,” Hoa said. “The primary goal is to reduce losses and balance revenue and expenditure in 2024.” The airline halved its pre-tax losses in fiscal 2023 compared with full-year 2022, he added.
