According to a recently published financial report, Vietnam Airlines lost 11.098 billion VND (over 481 million dollars) in 2020 as a result of the COVID-19 pandemic.

In the last quarter of 2020, net revenues hit VND 8,202 billion, just one-third of 2019. In contrast with the pre-tax profit of 97 billion, the pre-tax profit was less than VND 377 billion last year.

In 2020 the national flag carrier recorded a 59 percent decrease in net revenues of almost VND 40.613 billion in 2010.

However, this loss was lower than estimated at the extraordinary meeting of shareholders on 29 January 2020, which its leaders declared in the VND 14,445 billion.

Total assets at the end of December amounted to VND 62.967 billion, falling from the beginning of the year to 17.6 percent.

The National Assembly adopted a 12 trillion VND support package in November to support the carrier during the pandemic.

Figures show that Vietnam airlines operated approximately 96,500 flights last year, down 48% year-on-year due to COVID-19, carry 14,23 million passengers and cargo 195,000 tonnes.

During 2021-2025, the carrier announced that it will concentrate on the stabilization of business and operations while implementing a restructuring plan to enhance business performance.

It will also share part or all of its investments in those companies with strong results in aviation transport.