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Vietjet reports US$3.3 million interim profit
September 5th 2022
Vietjet Aviation Joint Stock Company has announced a net profit of 76.4 billion dong (US$3.3 million) for the six months to June 30. Read More » The results are more than double the 34.2 billion dong net profit the LCC recorded in the same months in 2021. Revenue rose 193%, to 14.7 trillion dong, Vietjet said in a regulatory filing to Vietnam's Ho Chi Minh Stock Exchange. Costs were up 77.2%, at 14.2 trillion dong. “Vietjet’s positive performance for the first six months of 2022 is the result of a robust recovery in travel demand, particularly on domestic routes. They grew 30% over the same period in pre-pandemic 2019,” the LCC airline group said. “Vietjet will continue its stringent cost reduction measures and expedite digitalisation projects to optimise operation costs.”
