The Vietjet Aviation Joint Stock Company (HOSE code: VJC) recorded a yearly revenue increase of 105 percent to more than 12.71 trillion VND (544.28 million USD) in the third quarter of 2018 (Photo: VNA)HCM City (VNA) – The VietjetAviation Joint Stock Company (HOSE code: VJC) recorded a yearly revenueincrease of 105 percent to more than 12.71 trillion VND (544.28 million USD) inthe third quarter of 2018.
The strong revenue growth was fuelled by risingair transport, ancillaries, sales and leaseback revenue, according to Vietjet’sbusiness results released on October 30.
Vietjet’s air transport revenue for the quarterreached 8.9 trillion VND, an increase of 45 percent year-on-year, and the loadfactor stood at approximately 89 percent thanks to the expansion of a new,modern fleet along with the opening of new international routes and flexibleseat capacity management in the low season.
Air transport profit in the third quarter toppedover 1 trillion VND, 11 percent higher than the same period last year.Ancillary products and services also grew dramatically with 2.8 trillion VND inrevenue, up 55 percent year on year.
The airline’s pre-tax profit stood at 1.71trillion VND from July to September, up 60 percent year-on-year.
Over the first nine months, Vietjet continued tohave the most flights and best growth with 89,690 take-offs, an increase ofapproximately 22 percent.
The airline transported approximately 16.9million passengers to retain its leading position in the domestic air transportmarket. International revenue ratio reached over 50 percent of totaloperational revenue, exceeding its plan.
Vietjet’s revenue in the nine-month periodreached 33.9 trillion VND while its pre-tax profit hit 3.68 trillion VND, up 30percent over the same period last year.
According to Vietjet, its transport revenuestood at 25.4 trillion VND in the reviewed period, a yearly hike of 50 percent,and the air transport profit after tax was 2.28 trillion VND, making up 76percent of its 2018 target.
Besides these positive business results, theairline’s on-time performance stood at 83.5 percent while its technicalreliability was 99.66 percent with the safety performance of flight, groundoperation indicators amongst the top in the region, Vietjet said in astatement.
The carrier has also been awarded the world’shighest safety ranking with 7 stars by AirlineRatings.com, the world’sleading airline safety and product rating agency.-VNA
The strong revenue growth was fuelled by risingair transport, ancillaries, sales and leaseback revenue, according to Vietjet’sbusiness results released on October 30.
Vietjet’s air transport revenue for the quarterreached 8.9 trillion VND, an increase of 45 percent year-on-year, and the loadfactor stood at approximately 89 percent thanks to the expansion of a new,modern fleet along with the opening of new international routes and flexibleseat capacity management in the low season.
Air transport profit in the third quarter toppedover 1 trillion VND, 11 percent higher than the same period last year.Ancillary products and services also grew dramatically with 2.8 trillion VND inrevenue, up 55 percent year on year.
The airline’s pre-tax profit stood at 1.71trillion VND from July to September, up 60 percent year-on-year.
Over the first nine months, Vietjet continued tohave the most flights and best growth with 89,690 take-offs, an increase ofapproximately 22 percent.
The airline transported approximately 16.9million passengers to retain its leading position in the domestic air transportmarket. International revenue ratio reached over 50 percent of totaloperational revenue, exceeding its plan.
Vietjet’s revenue in the nine-month periodreached 33.9 trillion VND while its pre-tax profit hit 3.68 trillion VND, up 30percent over the same period last year.
According to Vietjet, its transport revenuestood at 25.4 trillion VND in the reviewed period, a yearly hike of 50 percent,and the air transport profit after tax was 2.28 trillion VND, making up 76percent of its 2018 target.
Besides these positive business results, theairline’s on-time performance stood at 83.5 percent while its technicalreliability was 99.66 percent with the safety performance of flight, groundoperation indicators amongst the top in the region, Vietjet said in astatement.
The carrier has also been awarded the world’shighest safety ranking with 7 stars by AirlineRatings.com, the world’sleading airline safety and product rating agency.-VNA
VNA
