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%.

Subscribe to Access this Entire Article

"Other News - 01/08/2009" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.