Budget carrier Vietjet records positive results in the first three quarters of 2021. (Photo courtesy of Vietjet)The airline reported air transport revenue of more than 1.36 trillion VND (59.2 million USD) in the third quarter of the year, following its efforts to break even.
In its consolidated financial report, Vietjet posted its revenue at 2.65 billion VND from July to September and accumulated revenue for the first nine months of 2021 at 10.21 trillion VND.
Vietjet’s assets totaled nearly 50.95 trillion VND by the end of September. Its debt-to-equity ratio stayed at as low as 0.8 while the liquidity ratio was at 1.06 – all were within the safety margin and considered good indicators in the aviation industry.
The carrier has transported about 6.4 million passengers on nearly 37,000 flights in the first nine months of the year, retaining its highest quality service with the On-Time Performance (OTP) rate reaching 99.7 percent. All Vietjet flights have strictly followed COVID-19 preventive regulations.
Vietjet reports air transport revenue of more than 1.36 trillion VND (59.2 million USD) in the third quarter of the year, following its efforts to break even. (Photo courtesy of Vietjet)The airline has vigorously invested in technology adoption and digital transformation, renovated, and upgraded system operation protocols while enhancing cost and fuel-saving management in the third quarter.
Meanwhile, Vietjet Aviation Academy (VJAA) has increased its e-learning activities to save costs and ensure pandemic prevention efforts. There have been hundreds of courses provided to over 5,700 learners, including the courses for pilots, cabin crew, flight dispatchers, engineers, and ground service employees.
In term of cooperation, the airline has reached an agreement with its strategic partner of Airbus on the delivery of 119 ordered aircraft by the end of 2028. They would also work together to develop Vietjet’s wide-body aircraft fleet in addition to substantial post-pandemic support in maintenance and pilot training.
Vietjet now has resumed all of its routes connecting Hanoi and Ho Chi Minh City with other localities to meet rising demand of traveling fast and safely. The airline is ready to resume regular commercial international flights in the coming time.
Vietjet recently has announced plans to operate three direct services connecting Hanoi, Ho Chi Minh City and Nha Trang with Moscow, Russia, starting mid 2022 by Airbus’s modern A330-300 aircraft. This is the first step in realising Vietjet’s ambition to enter the European market, fulfilling the travelling demand between Vietnam and the world and contributing to the country’s economic development./.
VNA
