SINGAPORE, 5 November 2018: Vietjet continued to generate strong results for its investors through the third quarter of 2018, according to its last financial reports.
The carrier recorded a yearly revenue increase of 105%, which currently stands at USD545.6 million. This increased growth is due to rising air transport, ancillaries, sales, and lease back revenue.
Over the past nine months, the airline’s revenue reached USD1,455 billion, with a profit after tax of USD158 million, which is up 33% compared to the same period last year.
Vietjet’s air transport profit reached USD382 million, which is a 45% year-on-year increase thanks to the expansion of a new fleet and the launch of new domestic and international routes.
The air transport revenue was USD1.09 billion in this reviewed period, a yearly hike of 50% and the air transport revenue after tax was USD97.8 million, making up 76% of its 2018 profit.
So far in 2018, Vietjet has operated a total of 89,690 flights, an increase of 22 per cent that has seen Vietjet fly over 16 million passengers to date.
Aside from the positive business results, the airline’s on-time performance stood at 83.5%, and the technical reliability was 99.6% with the airline’s flight safety performance and ground operation indicators amongst the top in the region.
