Vietjet nine month profits near VND3,000 billion

In the third quarter of the year, Vietjet’s revenue and profit have seen strong growth on the same period last year, and surpassed expectations thanks to the launch of new routes and capitalizing on existing air routes.

Revenues in the aviation services surged 34.4% to VND6,142 billion compared to last year’s corresponding period. The company’s pre-tax profits also increased by 35.1% to VND1,054 billion.

As of September 30, 2017, the airline’s total assets soared by 57.39%, to VND26,289 billion, compared to the same time frame last year. 

In the first nine months of the year, the airline received an additional five aircraft, and launched 13 new air routes, raising the number of existing routes to 73, including 38 domestic and 35 international connections. The on-time performance rate over the reviewed period reached 85.4%.

In the fourth quarter, Vietjet plans to open six new air routes, bringing the total number of new routes for 2017 to 19.

Based on the achieved financial results, Vietjet’s pre-tax profit for 2017 is estimated to be 10% higher than the plan approved at the Annual General Meeting of Shareholders.