Vietjet has further cooperated with big international companies to increase its fleet and improve services. (Source: Vietjet) Though the aviation industry continued tosuffer setbacks due to the COVID-19 pandemic in 2021, it has showed signs ofrecovery since late last year thanks to the nationwide vaccination campaign andthe strict implementation of disease prevention regulations to guarantee safeoperations and protect the health of the passengers and flight crew.
In the fourth quarter of 2021, Vietjetrecorded a year-on-year decreasing air transport revenue at almost 2.79 trillionVND (approx. 122 million USD). The airline, however, gained a consolidatedrevenue at nearly 13 trillion VND in 2021 (approx. 571 million USD) with a consolidatedafter-tax profit at 100 billion VND (approx. 4.4 million USD) – an increase of46 percent from the previous year.
As of December 31, 2021, Vietjet’s assetstotaled nearly 51.78 trillion VND (approx. 2.27 billion USD). Itsdebt-to-equity ratio stayed at 0.91 while the liquidity ratio was at 1.63 - allwere considered good indicators in the aviation industry.
In 2021, Vietjet has operated nearly 42,000flights across its network with more than 5.4 million passengers onboard. Theairline has reported revenue of 2.95 trillion VND (approx. 130 million USD) incargo transport, achieving fast growth with cargo revenue in particularrocketing by over 200 percent year on year.
Vietjet has worked to optimise the operatingcost per flying hour and lower aircraft renting costs throughout the year. Theairline has received support from the Government for the aviation sectorincluding a 50 percent fee waiver for landing and taking-off, 50 percent feewaiver for environmental protection fee on aviation fuel until the end of 2022and other discounts for airports fees and ground services rates.
In 2021, Vietjet has marked its 10th anniversary of its first flight (December 24, 2011-December 24, 2021). After 10years, Vietjet has transported more than 110 million passengers, realising itsmission of developing a widespread flight network across the country, regionand beyond. It has also brought about a breakthrough in air services, makingairplane a popular means of transportation in Vietnam and the world.
Vietjet has also gained significantachievements in 2021 including retaining its place in the top 10 best andsafest low-cost airlines in the world by AirlineRatings, a well-known websitefor airline safety and product rating review.
Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands. (Source: Vietjet) The airline in December 2021 has welcomes itsfirst wide-body aircraft Airbus A330-300, getting ready for safe andeco-friendly middle and long-range flights which can go as far as 12,000 kilometers.
Joining hands to fight against the pandemic,Vietjet has transported tens of thousands of doctors, health staff, soldiers,police officers and disease prevention staff to their destinations of work,plus many more flights to deliver vaccines, medical equipment, and aid cargo.
A Vietjet representative has said that the airline would keep going for digitaltransformation projects to introduce more added-value services like wirelessinternet, shopping, logistics, testing, health services, hotels etc. onVietjet’s website and application.
Meanwhile, the airline has also expanded itsground services and pilot training not only for its own but also aiming tooffer services to other airlines in the region. As Vietnam has fully opened tointernational flights with a robust development of tourism places and resortsnationwide, the aviation sector is deemed to recover and strongly grow again in2022 and the coming years.
As a new-age carrier, Vietjet has revolutionisedthe aviation industry. With a focus on cost management ability, effectiveoperations and performance, Vietjet offers flying opportunities withcost-saving and flexible fares as well as diversified services to meetcustomers’ demands.
Vietjetis a fully-fledged member of International Air Transport Association (IATA)with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largestprivate carrier, the airline has been awarded the highest ranking for safetywith 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 bestairlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also beennamed as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA,Airline Ratings, and many others./.
VNA
