Vietnam Airlines reports a loss of $430 million in 2022

Vietnam Airlines has reported a loss of $430 million in 2022 with the overall expenses to be 3.6 times higher than the same time in 2021. The airline has attributed this huge loss to rising prices of fuel and foreign exchange volatility. Towards the end of 2022, the airline had $5.2 million in short-term assets with $1.45 million in cash liquidity. The airline’ short-term debt was $2.26 bn including short-term financial lease debt at $750 million. These figures point out growing short-term liquidity pressure on the airline. Vietnam Airlines served more than 18 million passengers in 2022, reaching almost 70%