World’s Best-Performing Airline Stock Beats Bankruptcy Risk
- State-owned carrier has surged 179% since start of the year
- Nation’s tourism push set to be key growth driver for airlines
A surprise return to profit has propelled Vietnam Airlines JSC to become the world’s best performing airline stock this year, shrugging off the risk of bankruptcy as the company’s post-pandemic recovery finally picks up momentum.
The state-owned carrier has rallied 179% so far in 2024, lifted by a rebound in travel demand. That steered the company to post a bumper first quarter profit after more than four years of consecutive losses.