Vietnam Airlines curbing quarterly losses

The consolidated financial statements of Vietnam Airlines recorded a loss of VND2.7 trillion ($116.22 million) in the first quarter of 2022, down 34 per cent compared to the first quarter of 2021. However, the national flag carrier’s equity has also become negative after nine consecutive quarters of losses. As of the end of March, equity was negative VND2.16 trillion ($92.97 million) and accumulated losses nearly VND24.6 trillion ($1.06 billion).