HANOI, Oct 31 (Reuters) - Flag service Vietnam Airways HVN.HM reported a internet lack of $453 mill
HANOI, Oct 31 (Reuters) – Flag service Vietnam Airways HVN.HM reported a internet lack of $453 million within the first 9 months of this yr as a result of coronavirus pandemic, the corporate stated on Friday in a monetary report.
The corporate’s internet loss within the third quarter was $170 million, in contrast with a internet revenue of $65.1 million throughout the identical interval final yr, it stated.
“COVID-19 pandemic has left extraordinarily big affect on the worldwide aviation trade, together with Vietnam Airways,” the corporate stated in a separate assertion on Friday.
It stated income from worldwide passenger companies within the third quarter fell 95.4% from a yr earlier.
The Vietnamese authorities, which holds the controlling 86.19% stake in Vietnam Airways, stated in July the corporate was going through liquidity scarcity and wanted authorities assist.
(Reporting by Khanh Vu; enhancing by David Evans)
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