Wednesday , April 24 2024

Vietravel loss triples in year’s first half

Leading tourism company Vietravel, which has only now published its first-half earnings report, saw losses triple year-on-year to VND293.3 billion ($12.75 million) due to Covid-19 travel restrictions.

Revenues were down by nearly half to VND545 billion while costs rose 42 percent to VND65.6 billion.

Its carrier, Vietravel Airlines, recently resumed operations after being grounded for three months, and plans its first flight on Dec. 19.

Vietravel’s stock is limited to trading on Fridays due to its delay in publishing its results.

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