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In the first 9 months of the year, Vietnam Airlines lost 10.750 billion dong, equivalent to more than 70% of the annual plan.
This figure was just shared by Vietnam Airlines chief accountant Tran Thanh Hien at the third quarter business results briefing this morning (October 13).
At the end of September, Vietnam Airlines carried 10.2 million passengers, equivalent to 58.8% in the same period last year. This airline only achieved revenues of about 24,000 billion VND, equivalent to 41.7% of the same period in 2019.
Vietnam Airlines posted a consolidated pre-tax loss of VND 10.750 billion, equivalent to 70.8% of the plan for the full year loss. In which, the parent company lost more than 8.7 billion dong.
Tran Thanh Hien, Vietnam Airlines’ chief accountant, shared information on the morning of October 13. Image: Anh You.
According to Hien, in the third quarter of this year Vietnam Airlines’ revenues fell very deeply, only equal to 32% last year due to the impact of the second wave of outbreaks in late July. higher.
Also due to the second outbreak, Vietnam Airlines had to stop 22 new routes to open the peak summer period. So far, the airline has just re-operated these 11 routes, the rest will be evaluated in more detail because the fourth quarter is a low period. Currently, Vietnam Airlines operates more than 60 domestic routes with an average of 300 flights per day.
In order to ensure liquidity and continued operation in difficult times, Vietnam Airlines continues to adjust expenses (reduce more than 5.3 billion VND), negotiate debt rescheduling, settle payments with the necessary amounts. , increasing short-term loans … In addition, taking advantage of the idle machines to transport goods from March to the present has also contributed more than 1.9 billion VND to the airline, with 2,660 flights.
“Without increasing short-term loans, negotiating to postpone or reschedule debts, companies would have run out of money for a long time,” said the Vietnam Airlines chief accountant. Currently, the company’s short-term loan balance is more than $ 5.2 billion, deferred accounts payable is nearly Dong 4.3 billion. As of the end of September, this business still has more than 1.9 billion VND in cash.
Mr. Hien said that Vietnam Airlines has received 14 official reports sent to state management agencies and many meetings with the government to resolve difficulties for companies. Regarding the VND 12 billion subsidy package, according to Hien, it is progressing positively, but it will take between 1 and 2 months to see results.
Vietnam Airlines leaders also predict that it will not be until the end of next year that the domestic market can recover, while the international market will not do so until 2023.
Anh You
