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 250million USD) in 2018.
The firm said its total revenue of 52.4 trillion VND (over 2.25 billion USD) inthe year, up 24 percent year on year.
Its air transport revenue reached 33.815 trillion VND, up 49 percentyear-on-year, while the auxiliary revenue of the firm grew 57 percent comparedto 2017.
The firm’s strategy todevelop an international flight network has been promoted, aiming to collectforeign currency from ticket sales and take advantage of cheaper fuel in internationalmarkets.
In 2018, Vietjet’s seat occupation ratewas 88.06 percent, while the technical reliability hit 94.64 percent. Itson-time performance index (OTP) reached 84.2 percent.
The firm has received and operated new-generation aircraft A321neo, which isable 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 ageof use of 2.82 years, implementing more than 385 flights daily.
It carried more than 65 million passengers in the year on 105 airroutes, including 39 domestic routes and 66 international ones to Japan, HongKong (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 TransportAssociation (IATA) with an IATA Operational Safety Audit (IOSA) certificate. Itwas named “Best Ultra Low-Cost Airline 2018-2019” and awarded the highestranking for safety with seven-stars in 2018 by the world’s only safety andproduct rating website, AirlineRatings.com.
The airline has been also listed onthe world’s 50 best airlines for healthy financing and operations by AirfinanceJournal in 2018.-VNA
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Vietjet’s pre-tax profit hits 250 million USD in 2018. 
