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  • VietJet first half profit rises 11% as growth continues

VietJet first half profit rises 11% as growth continues

Vietnam low-cost carrier VietJet Air's consolidated profit before tax for the first half rose 11% to D2.4 trillion ($104 million) as it continued to scale up its operations.

Consolidated revenue, which includes the “trading of aircraft,” rose 24% to D26.3 trillion over the six months to 30 June, while air transport revenue grew 22% to D20.1 trillion as RPKs rose 22%. Load factor was 88%.

Pre-tax profit from its air transport operations rose 16% to D1.6 trillion.

“During the last six months, Vietjet operated 68,821 flights, equivalent to 45 per cent of total flights operated by all other Vietnamese airline carriers,” it says.

“Those number of flights meant Vietjet had transported 13.5 million passengers in all routes the carrier is operating. Vietjet maintained its leading position in domestic transportation with 44 per cent market share in the first 6 months of the year.”

Of these, four million passengers were on international routes, where the airline says it benefited from positive foreign exchange movements and good ancillary revenues. The airline adds that it sees "room for it to grow" its international network, having opened nine new routes to Kapan, Hong Kong, Indonesia and China over the first half of the year.

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