Vietnam Airlines reported a $14 million pre-tax profit in 2008, down 39% from the $23 million earned in 2007, according to a statement cited by Agence France Presse. GD Pham Ngoc Minh said the carrier "has never faced so many continuous challenges and disadvantages," even though full-year revenue climbed 22.8% to $1.56 billion. It transported 8.8 million passengers and load factor rose more than 1 point to approximately 76%.

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