Vietjet reports profits in Q1 thanks to opening of new routes

A Vietjet aircraft (Photo: Photo courtesy of Vietjet)

Hanoi (VNA) - With the consecutive opening of new routes from thefirst months of 2023, coupled with the supply of quality products and services,Vietjet reported profits in the first quarter of 2023.

Since the COVID-19 pandemic was brought under control lastyear, in addition to resuming the entire domestic flight network, Vietjet is apioneering airline in exploiting new international routes to Asia and Europe, andinitially to Oceania.

At the end of 2022, Vietjet opened new routes to Delhi,Mumbai and Ahmedabad cities in India whose population is 1.4 billion, andKazakhstan which stretches across Asia and Europe, and has the ninth largestarea in the world.

In early 2023, the airline reopened a route connecting HoChi Minh City with Hong Kong (China) and increased the frequency to seven flightsper week.

It also welcomed A330 - a wide-body aircraft - to its modernfleet, starting the journey to explore further destinations in the region andthe world. This type of aircraft is being used on routes linking Ho Chi MinhCity to Australia’s Melbourne and Sydney.

According to its plan, from now to June, Vietjet willcontinue to expand its flight network with new international routes, includingPhu Quoc - Hong Kong, Da Nang - Hong Kong, Ho Chi Minh City - Brisbane(Australia).

For the domestic market, the carrier will launch Can Tho- Van Don (Quang Ninh) route, connecting the two key economic regions of theMekong Delta and the Red River Delta, creating favourable conditions for economicdevelopment between the two regions.

Vietjet reports profits in Q1 thanks to the opening of new routes. (Photo courtesy of Vietjet)

The opening of new routes showed that Vietjet has reallyovercome difficulties caused by the pandemic, and is ready for a strongerdevelopment plan in the remaining months of 2023 and the following years.

Vietjet's new routes not only create opportunities forVietnamese people to discover new destinations, but also act as bridges to attract foreigntourists and investors to Vietnam, contributing to serving the country's tourismand economy.

In addition, Vietjet has also launched many attractiveticket promotions, and provided new products and services to help travellershave more experiences on its flights.

The acceleration right from the first months of 2023 hasbrought Vietjet positive business results. Accordingly, the airline has operated31,260 flights with 5.4 million passengers, and earned revenues of 12.6 trillion VND (537.3 million USD) in the first quarter.

As a new-age carrier, Vietjet has not only revolutionised theaviation industry in Vietnam but also been a pioneering airline across theregion and around the world. 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.

Vietjet is a fully-fledged member of International AirTransport Association (IATA) with the IATA Operational Safety Audit (IOSA)certificate. As Vietnam’s largest private carrier, the airline was awarded thehighest ranking for safety with 7 stars in 2018 and 2019 by the world’s onlysafety and product rating website airlineratings.com and listed as one of theworld's 50 best airlines for healthy financing and operations by AirfinanceJournal in 2018 and 2019. The airline has also been named as Best Low-CostCarrier by renowned organisations such as Skytrax, CAPA, Airline Ratings, and manyothers./.

According to the latest report of the International Civil Aviation Organisation (ICAO), the global air passenger volume would return to pre-epidemic levels on most routes by the end of the first quarter, and will increase by 3% by the end of the year and 4% in 2024 compared to that in 2019.

VNA