Vietnam Airlines targets before-tax profit of $175 mln in 2024

National flag carrier Vietnam Airlines has set a target of before-tax consolidated of more than VND4.5 trillion ($175 million) in 2024, according an announcement by the group’s CEO Le Hong Ha on June 21.

Its total consolidated revenue this year is expected to reach VND105.9 trillion ($4.16 billion), a year-on-year rise of 113.6%.

It is targeted that total 22.64 million passengers will be served by the carrier this year, up 7.6% year-on-year, including 7.64 million foreign passengers.

Meanwhile, about  273,000 tons of cargo will be transported by the airline in 2024, surging 121.6% compared to last year.

In 2023, Vietnam Airlines transported 24.1 million passengers and 230,000 tons of cargo. Total consolidated revenue reached VND93,265 ($3.66 billion).