An aricraft of Vietjet (Photo: Vietjetair.com)The firmattributed the impressive performance to the rapid recovery of passengertransport and the ever-growing cargo business, which respectively grew by 76 percentand 94 percent in Q1.
In the time under review,Vietjet’s consolidated revenue reached 4.522 trillion VND (about 197 millionUSD) while the after-tax profit was 244 billion VND, up 12 percent and 98percent from a year earlier, respectively.
Vietnam’saviation and tourism sectors have fully reopened since late last year to meetthe rising travel demand. In the first three months of 2022, Vietjet resumedits entire domestic network as well as regular international services. Itoperated a total of 20,000 flights with more than 3 million passengers onboardacross 60 domestic and international routes.
The carrieralso airlifted more than 12,500 tonnes of cargo during the three months.
An attendant serves on a Vietjet flight (Photo: Vietjetair.com)Meanwhile,Vietjet’s consolidated revenue and after-tax profit in 2021 reached 12.875 trillionVND and 80 billion VND, respectively. Rising costs from deferred income taxesresulted in a lower consolidated after-tax profit than in the 2021 compiledstatements.
As ofDecember 31, 2021, Vietjet’s total assets approximated 51.654 trillion VND. Itsdebt-to-equity ratio stayed at 0.9 while the liquidity ratio was at 1.6, whichwere considered good indicators in the aviation industry.
Lastyear, the airline operated nearly 42,000 flights across its network with morethan 5.4 million passengers onboard and over 66,000 tonnes of cargo./.
VNA
