SINGAPORE, 25 September 2019: Vietjet was ranked 12th globally in its ancillary revenue to total air transport revenue ratio in the 2019 CarTrawler Ancillary Revenue Yearbook (*).
The data includes official statistics of audited financial statements from more than 100 airlines around the world.
Vietjet’s audited business results of H1 of 2019 showed that its passenger transport revenue stood at VND 18,984 billion (approximately USD814 million), an increase of 17% year-on-year.
The budget airline’s ancillary revenue for passenger transport reached VND 5,429 billion (approximately USD 233 million), an increase of 43% year-on-year, attributing to the growth of international customers.
The proportion of ancillary revenue to total air transport revenue was 27%.
According to the sustainable development model of low-cost carriers (LCCs), ancillary revenue is a decisive factor in the success of a carrier when the profit margin reaches over 90%.
Aiming to expand its services, Vietjet has
plans to provide ground services for its aircraft at Noi Bai International
Airport in Hanoi from 2020. This will, in turn, improve service quality and
ancillary revenue, benefiting both customers and the airline.
Vietjet aims to reach the top five in ancillary revenue in the future.(*) URL: https://bit.ly/2kUkoam
