Monday, June 24, 2024 Today, Vietnam Airlines (HoSE: HVN) successfully held its 2024 Annual General Shareholders’ Meeting, attended by representatives from the Commission for the Management of State Capital at Enterprises (CMSC) and existing shareholders. During the meeting, shareholders discussed and approved crucial agendas, including the 2024 business plan, the audited 2023 financial statements, the 2023 Board of Directors’ activity report, and the 2024 orientation plan. Vietnam Airlines recorded a consolidated revenue of VND 93,265 billion in 2023, nearly 30% higher than the previous year and nearing pre-pandemic peak levels.
In 2024, the airline aims to balance revenue and expenditure with flexible solutions. The aviation industry faced numerous challenges in 2023, such as geopolitical conflicts, supply chain disruptions, and a global economic downturn. Fuel prices remained high at over USD 105 per barrel, and unfavorable interest and exchange rates impacted Vietnam’s aviation operations.
Domestically, economic growth slowed, leading to reduced travel demand and decreased consumer purchasing power. While international markets like Australia, India, and Southeast Asia showed positive signs, key markets in Northeast Asia recovered slower than expected. Despite these difficulties, Vietnam Airlines achieved remarkable business results in 2023, transporting over 24.
1 million passengers and 230,000 tons of cargo, up 16.4% and 5.8% year-on-year, respectively.
The airline�.
