Vietjet Aviation releases its report

Monday, September 5, 2022

Vietjet Aviation Joint Stock Company has announced its audited half-year financial statements for 2022, reporting air transport revenue of VND14,898 billion (approx. US$640 million) and after-tax profit of VND80.33 billion (approx. US$3.45 million), which jumped by 197% and 135% YOY respectively and were both higher than the compiled financial statements’.

The airline’s consolidated revenue reached VND15,934.6 billion (approx. US$684.58 million) while the consolidated after-tax profit was VND145 billion (approx. US$6.22 million), both increasing by 111% and 19% YOY respectively. The consolidated revenue and profit were posted to be lower as a commercial aircraft transaction worth of VND275 billion (approx. US$11.81 million) was carried forward to the next accounting period.

As of June 30, 2022, Vietjet’s assets totaled nearly VND62,669 billion (approx. US$2.69 billion). Its debt-to-equity ratio stayed at 1.09 while the liquidity ratio was at 1.49 – all were considered good indicators in the aviation industry.

Vietjet’s posivitve performance for the first six months of 2022 was owing to a robust recovery in traveling demand, particularly in domestic routes which saw a 30% growth compared to the same period in the pre-pandemic 2019.

The airline has operated nearly 33,000 flights and carried 6 million passengers, leaping by 135% and 200% YOY respectively. The volume of cargo airlifted totaled more than 11,000 tons.

A pioneer in connecting Vietnam and India with 17 direct flight routes, Vietjet has brought a market of 1.4 billion people from Indian biggest cities to Vietnamese destinations like Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc. The airline has also reached agreements with Boeing and Airbus in aircraft deal reconstruction, promising further support from the aircraft manufacturers and investment projects in Vietnam in services, training and manufacturing.

The airline’s consolidated revenue reached VND15,934.6 billion (approx. US$684.58 million) while the consolidated after-tax profit was VND145 billion (approx. US$6.22 million), both increasing by 111% and 19% YOY respectively. The consolidated revenue and profit were posted to be lower as a commercial aircraft transaction worth of VND275 billion (approx. US$11.81 million) was carried forward to the next accounting period.

As of June 30, 2022, Vietjet’s assets totaled nearly VND62,669 billion (approx. US$2.69 billion). Its debt-to-equity ratio stayed at 1.09 while the liquidity ratio was at 1.49 – all were considered good indicators in the aviation industry.

Vietjet’s posivitve performance for the first six months of 2022 was owing to a robust recovery in traveling demand, particularly in domestic routes which saw a 30% growth compared to the same period in the pre-pandemic 2019.

The airline has operated nearly 33,000 flights and carried 6 million passengers, leaping by 135% and 200% YOY respectively. The volume of cargo airlifted totaled more than 11,000 tons.

A pioneer in connecting Vietnam and India with 17 direct flight routes, Vietjet has brought a market of 1.4 billion people from Indian biggest cities to Vietnamese destinations like Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc. The airline has also reached agreements with Boeing and Airbus in aircraft deal reconstruction, promising further support from the aircraft manufacturers and investment projects in Vietnam in services, training and manufacturing.

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