Sunday , May 28 2023

Airport operator targets record revenue

The Airports Corporation of Vietnam (ACV) has set a revenue target of VND19.36 trillion ($823.92 million) this year, exceeding pre-pandemic levels and the highest since its establishment.

ACV, which operates 22 airports in Vietnam, expects the aviation industry to see a strong recovery in both domestic and international flights.

The company plans to serve 118 million passengers this year, up 20% on 2022.

The number of takeoffs and landings are expected to hit 777,000, up 17%.

These figures are set to bring the company a revenue of VND19.36 trillion, an increase of nearly 40%.

This is VND1 trillion higher than in 2019, before the pandemic affected the industry.

ACV, however, set a modest profit target of VND8.49 trillion, down 3% from 2022 and 16.5% from 2019.

This is due to high input costs and overloaded airports, which are set to put pressure on operations.

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