SINGAPORE, 6 August 2019: Vietjet reports robust growth in passenger traffic, revenue and bottom-line profit during the first half of the year.
The airline released its business results for the first half of the year on Monday showing air transport revenue of VND20,148 billion (UDSD863 million), up by 22% over the same period last year.
Pre-tax profit reached VND1,563 billion (USD67 million, an increase of 16% year on year, while the consolidated revenue, including profits earned from the trade of aircraft, reached more than VND26.3 trillion (USD1.1 billion), an increase of 24%.
The pre-tax profit was nearly VND2.4 trillion (USD103 million), with an 11% year on year increase.
In the last six months, Vietjet operated 68,821 flights and transported 13.5 million passengers, accounting for up to 45% of the flights operated by all Vietnamese carriers.
With 44% of the market share in the first half of 2019, Vietjet maintains its leading position in the domestic transport industry. Vietnam Airlines came in second with 34% of the market share.
Vietjet attributes its positive results to strong growth in the international market coupled with a large profit margin from ancillary revenue and low fuel cost.
