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 the first 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 last year, in addition to resuming the entire domestic flight network, Vietjet is a pioneering airline in exploiting new international routes to Asia and Europe, and initially 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, and Kazakhstan which stretches across Asia and Europe, and has the ninth largest area in the world.

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

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

According to its plan, from now to June, Vietjet will continue to expand its flight network with new international routes, including Phu 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 the Mekong Delta and the Red River Delta, creating favourable conditions for economic development 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 really overcome difficulties caused by the pandemic, and is ready for a stronger development plan in the remaining months of 2023 and the following years.

Vietjet's new routes not only create opportunities for Vietnamese people to discover new destinations, but also act as bridges to attract foreign tourists and investors to Vietnam, contributing to serving the country's tourism and economy.

In addition, Vietjet has also launched many attractive ticket promotions, and provided new products and services to help travellers have more experiences on its flights.

The acceleration right from the first months of 2023 has brought Vietjet positive business results. Accordingly, the airline has operated 31,260 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 the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations and performance, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

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

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