Vietjet’s pre-tax profit hits 250 million USD in 2018.
(Source: internet)

Hanoi (VNA) - The Vietjet Aviation Joint Stock Company (VJC) posted pre-tax profit of an estimated 5.83 trillion VND (around 250 million USD) in 2018.  

The firm said its total revenue of 52.4 trillion VND (over 2.25 billion USD) in the year, up 24 percent year on year.

Its air transport revenue reached 33.815 trillion VND, up 49 percent year-on-year, while the auxiliary revenue of the firm grew 57 percent compared to 2017.

The firm’s strategy to develop an international flight network has been promoted, aiming to collect foreign currency from ticket sales and take advantage of cheaper fuel in international markets.

In 2018, Vietjet’s seat occupation rate was 88.06 percent, while the technical reliability hit 94.64 percent. Its on-time performance index (OTP) reached 84.2 percent.

The firm has received and operated new-generation aircraft A321neo, which is able to save fuel by 16 percent, helping it reduce operational costs.

As of the end of the year, Vietjet’s fleet had 64 aircraft with an average age of use of 2.82 years, implementing more than 385 flights daily.

It carried more than 65 million passengers in the year on 105 air routes, including 39 domestic routes and 66 international ones to Japan, Hong Kong (China), Singapore, the Republic of Korea (RoK), Taiwan (China), Thailand, Myanmar, Malaysia, Cambodia and China.

Vietjet Air is a fully-fledged member of the International Air Transport Association (IATA) with an IATA Operational Safety Audit (IOSA) certificate. It was named “Best Ultra Low-Cost Airline 2018-2019” and awarded the highest ranking for safety with seven-stars in 2018 by the world’s only safety and product rating website, AirlineRatings.com.
 
The airline has been also listed on the world’s 50 best airlines for healthy financing and operations by Airfinance Journal in 2018.-VNA