
Vietnam’s private carrier recorded VND 55 billion in consolidated after-tax profit from VND 14,235 billion in revenue in the third quarter of 2023, a year-over-year increase of 30% and 23% respectively.
Vietjet carried out 36,000 flights during the reviewed quarter, carrying 6.8 million passengers—more than 2.3 million of them were international—a 10% increase over the third quarter of 2019, which was before the COVID-19 pandemic. In addition, the accomplishment represented a 127% rise over the third quarter of 2022.Vietnam had 23.7 million foreign visitors via its airports in the first nine months of 2023—a rise of about 267%. Vietjet, which aggressively promotes foreign investment and tourism, supplied more than 51% of the 11.5 million passengers carried by the nation’s airlines (5.9 million passengers).The airline’s flights have a 99.72% technical dependability rating and a strong average seat usage ratio of over 85%. There are 103 aircraft in Vietjet’s fleet, 18 of which are used by Thai Vietjet, and two more are on the way.International passenger transport continues to grow rapidly, increasing 201% compared to the third quarter of 2022, contributing more than 57% of total passenger transport revenue and accounting for 35% of flights and passengers.The total output of transported goods reached 20.3 thousand tons, an increase of 76% over the same period, accounting for 23% of the market share of goods transported by Vietnamese airlines.Ancillary revenue and cargo transportation, with high-profit margins, continue to be promoted by the airline, contributing 40% of total air transportation revenue and reaching VND 5,029 billion, an increase of 26% over the same period and 77% compared to the third quarter of 2019.As of September 30, 2023, Vietjet’s total assets reached more than VND 76.5 trillion; the debt-to-equity ratio of 1.5 times and the liquidity index of 1.4 times are at a safe level. in the aviation industry.During the official visit of the US President to Vietnam, Vietjet signed an agreement with Boeing on a plan to deliver 200 737 MAX aircraft worth $25 billion in the next 5 years and an agreement to sponsor aircraft with a total price of $550 million with Carlyle Group.
Rate this post