Vietjet Aviation Joint Stock Company has recorded its positive performance in Q1/2023, resulting from stable domestic flight operation and expansion of the international network.
According to the Q1/2023 financial statements, Vietjet’s air transport revenue reached VND12,880 billion, approx. US$553 million, while the after-tax profit was VND168 billion, approx. US$ 7.2 million, increased by 286% and 320% YoY respectively. Ancillary revenue, in particular, was reported at VND4,312 billion, approx. US$185 million, accounting for more than 33% of the total revenue.
The company’s consolidated revenue and after-tax profit were VND12,898 billion, approx. US$554 million and VND173 billion, approx. US$ 7.4 million respectively.
In the first three months of the year, Vietjet has safely operated 31,300 flights and transported nearly 5.4 million passengers, growing by 57% and 75% YoY respectively. The airline’s load factor averaged 85% while the technical reliability rate was 99.59%.
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