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Vietnam Airlines risks delisting after 9 straight quarterly losses

Flag carrier reports $104m loss for Q1 together with negative equity

Even though Vietnam reopened to foreign tourists in March, international traffic has been slow to recover at Vietnam Airlines.   © Reuters

HANOI -- Vietnam Airlines turned in a net loss of roughly 2.6 trillion dong ($104 million) for the three months through March, sending the flag carrier to a ninth consecutive quarter in the red and placing it on the brink of delisting.

The loss comes despite sales rising 55% to about 11.6 trillion dong. The easing of COVID restrictions for domestic travel helped passenger traffic recover, especially on flights connecting the capital Hanoi to Ho Chi Minh City, the country's largest metropolis.

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