Viejet reports positive performance in H1 (Photo: ) In the year’s second quarter, Vietjet’stotal air transport’s revenue reached 11.355 trillion VND (approx. 488 millionUSD), increasing by 15% against pre-pandemic level in 2019, with its after-taxprofit standing at 36 billion VND (approx. 1.54 million USD). Especially, itsdomestic revenue in Q2 jumped by over 30% compared to 2019’s same period, with53 domestic services.
Vietjet’s consolidated revenue stoodat 11.590 trillion (approx. 499 million USD) and consolidated after-tax profitin Q2 was reported at 181 billion VND (approx. 7.8 million USD).
As for the first-six-month results,the airline’s air transport revenue and its consolidated revenue reached 14,696billion VND (approx. 632 million USD) and 16,112 billion VND (approx. 693million USD) respectively, both higher than the pre-pandemic levels in 2019.
Overall, Vietjet’s after-taxprofit for H1 reached 76 billion VND (approx. 3.26 million USD) while itsconsolidated profit was 426 billion VND (18.3 million USD).
Vietjet for the last six monthshas increased the flight frequency of numerous routes to meet the post-pandemicpent-up in travel demand, supporting the recovery of local tourism and economy.It has operated a total of 52,500 flights with 9 million passengers onboard,respectively increasing by 54% and 92% yoy. The number of flights hasparticularly increased by 8% against the pre-pandemic 2019’s level.
In Q2, the airline has operatednearly 33,000 flights and served 6 million passengers, both were remarkablyhigher than the pre-pandemic’s. The cargo volume reached more than 11,000tones.
To promote and take lead in thereopening between Vietnam and international skies right after the pandemic,Vietjet has rapidly expanded new international routes. It was the pioneeringairline to develop an extensive network of 17 direct routes between Vietnam andIndia – a market of 1.4 billion people, specifically to Delhi, Mumbai,Ahmedabad, Hyderabad and Bangalore. Vietjet has also inaugurated new routesfrom Ho Chi Minh City and Da Nang to Busan in the Republic of Korea; from Hanoito Nagoya and Fukuoka, Japan, among others.
In addition to the advanced fleetof A320s and A321s, Vietjet for the first time has brought the new generation,modern wide-body aircraft of A330 into operation. Equipped with noise controltechnology, they have delivered safer and more comfortable flight experiencesto the passengers while reducing the take-off and landing frequency inoperating airports.
Vietjet has introduced a brand-newwebsite and mobile application, as well as service packages including the “Flyfirst, Pay later” to help customers with financial hardship, and the Sky Holidaysservice offering a package of flight ticket and accommodation at hotels andresorts across Vietnam.
The “Fly first, Pay later”service in particular was awarded the Best New Fintech Product 2022 by the UK’sprestigious magazine The Global Economics Times. It was hailed not merelyoffering financial support but also for the socio-economy meaningful purpose.
As many airlines have faced laborshortages after the pandemic, Vietjet has managed to sustain favorable laborpolicy and several training courses for all employees.
The Vietjet Aviation Academy(VJAA) has opened more than 650 courses for nearly 15,000 trainees of pilots,cabin crew, flight dispatchers, flight engineers and ground service officers,etc. It has cooperated with major domestic and international partners to kickoff elementary pilot training programs.
Vietjet was also hailed as ‘ValueAirline of the Year’ and ‘Top 10 Best Low-cost Airlines” for 2022 byAirlineRatings, the renowned rating website.
The airline has passed theISO27001 Information Security certification reassessment by the German TUV NOR,meeting all criteria of the Information Security Management ISO27001:2013.
At the Farnborough Airshow hostedin the U.K last month, Vietjet reached an agreement with Boeing in dealrestructuring, affirming the airline’s commitment to purchase 200 Boeing 737aircraft with international capital. This was deemed remarkable efforts byBoeing and Vietjet to contribute to the bilateral commerce and trade betweenVietnam and the US./.
VNA
