According to Vietjet's business result report, the airline achieved bright business results in the first half of the year, in which, air transport's revenue was VND20,148 billion, an increase of 22 per cent over the same period last year. It resulted in profit before tax of VND1,563 billions, making an increase of 16 per cent year on year. Consolidated revenue including the business results earned from the trade of aircrafts, reached more than VND26.3 trillion, increasing 24 per cent. Profit before tax was nearly VND2.4 trillion, equal to 11 per cent year on year increase.
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. 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. Vietnam Airlines arrived at the second place, with 34 per cent.
Vietjet finds room for it to grow in international market is still large thanks to good profit margin from ancillary revenue and low fuel cost. Growth in international market earned Vietjet a sound increase of foreign currencies. Number of passengers in international routes operated by Vietjet grew by 35 per cent, with nearly 4 million passengers. Revenue of international transport service surpassed domestic's to reach 54 per cent of total Vietjet's airway transport revenue. Ancillary and cargo revenues were more than VND5.5 trillion, increasing from 21 per cent last year to 27 per cent this year thanks to the growth of international route operation.
During the year's first six months, Vietjet has opened nine new international routes to Japan, Hong Kong, Indonesia and three other domestic routes. Those newly-opened routes totaled Vietjets routes around the world to 120; of which, 78 international routes and 42 domestic ones. Vietjet's flight network now covers number of destinations in Vietnam, Japan, Hong Kong (China), Singapore, South Korea, Taiwan, Thailand, Myanmar, Malaysia, Cambodia, China, etc. Vietjet has also operated at large to many airports in the world, including in Dubai and Doha.
In that period of time, Vietjet's revenue passenger kilometers (RPK) was at 16.3 billion, increasing 22 per cent year on year. Its load factor was averagely 88 per cent, technical reliability was 99.64 per cent and on-time performance (OTP) reached 81.5 per cent.
Vietjet's equity reached VND15,622 billions, increasing 32 per cent over the same period last year. Vietjet's total assets are nearly VND44.5 trillion, an increase of 30 per cent year on year; of which more than VND21.9 trillion long-term assets, accounting for 49 per cent of total assets. Debt to equity ratio was 0.50, which was positive compared to 0.64 of last year. Annual General Shareholders' Meeting in April decided to pay 2018 dividend at the rate of 55%, higher than the planned rate of 50% approved at the annual shareholders' meeting last year.
During the last six months, Vietjet also introduced a new version of Vietjet Air apps which included buying air tickets quickly on smartphones, offering THB0 tickets every Friday and free payment fees, etc.
Vietjet Aviation Academy at Ho Chi Minh City High-Tech Park located in Ho Chi Minh city is an international standard, modern training facility, using equipment and training programs under European Union Aviation Safety Agency (EASA) standards, which organized 250 courses for 5,623 pilots, cabin crews, engineers, aviation staffs. Simulator (SIM) at Vietjet Aviation Academy has started operation since November 2018, so far it has been trained 3,178 hours for 2.809 trainees and teachers. Vietjet's SIM center has obtained ATO level 2 certification from EASA, the world's leading standards.
Especially, Vietjet is one of the few foreign enterprises and the only Vietnamese becoming a member of Japan Business Federation – Keidanren, an organization with a membership comprised of the global Japanese companies. On the same day, Facebook also became a member of Keidanren. Vietjet is also honore one of the top listed companies in Vietnam in 2018.
With positive business results, regional and worldwide flight network expansion, together with the ability to manage costs, operation quality, Vietjet expects to maintain positive growth in the next 3 years that Board of Management reported at Annual General Shareholders' Meeting, the leading position in term of domestic transport, effectively international routes expansion. Vietjet also considers opportunities to invest in infrastructure, terminals, technical services, ground services, training, promoting efficiency, advantages of the airline at the same time with the expansion in aviation segment.
About Vietjet:
Vietjet is the first airline in Vietnam to operate as a new-age airline offering flexible, cost-saving ticket fares and diversified services to meet customers' demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. Vietjet was named "Best Ultra Low-Cost Airline 2018 - 2019" and awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world's only safety and product rating website AirlineRatings.com. The airline has also been listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018.
Currently, Vietjet operates around 400 flights daily and has carried more than 80 million passengers to date. The airline's network now features 120 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, South Korea, Taiwan, mainland China, Thailand, Myanmar, Malaysia, Indonesia and Cambodia.
For more information, please visit: www.vietjetair.com