The revenue for business
activities and passenger transport reached VND18,984 billion, an increase of 17%
year on year. Of which, international revenue was VND6,865 billion, an increase
of 51% and ancillary revenue was VND5,429 billion, up 43% year on year mainly
thanks to the increase of transported passengers in international routes and
accounted for 27% of total air transport revenue. Total international revenue
(by country of destinations) was VND10,944 billion, equivalent to 54% of total
air transport revenue. This showed that international business has been one of
the main factors driving the company’s growth.
According to Vietjet’s
audited financial statement, passengers on international routes increased by 35%.
In the first half, Vietjet opened 9 international routes to Japan, Hong Kong,
Indonesia, China and 3 domestic routes. There were 120 routes in Vietjet’s
flight network covering destinations in Vietnam, Japan, Hong Kong (China),
Singapore, South Korea, Taiwan, Thailand, Myanmar, Malaysia, Cambodia,
Indonesia and China, etc. Vietjet aircraft have also operated in Dubai and Doha
airports. International markets have had room to grow, good profit margin thanks
to ancillary revenue growth as well as a low fuel cost advantage and an
increase in foreign currency sources.
Vietjet operated 68,821
flights, transported 13.5 million passengers in all network during the first
half of 2019. According to aviation statistics, Vietjet maintained its leading
position in the domestic market with 44% market share, while Vietnam Airline
had 35.9%, Jetstar Pacific had 13.9%, Bamboo Airways had 4.2% and 2% of VASCO
(Source: CAAV).
About consolidated
financial indicators, the airline’s total assets stood at VND43,005 billion, up
26% year on year. The current liquidity index was well at 1.41. Debt/ Equity ratio
was 0.51, which was 0.64 at the same period last year, of which equity was
VND15,529 billion, an increase of over 30% year on year. Available seat
kilometers (ASK) maintained well, CASK was 3.88 cents, CASK ex-fuel was 2.27
cents, mainly from reducing fuel costs (decreased by 4%) and cost savings in
management, operation (reduced by 2%).
In the stock market, VJC
stocks have just been listed in Vietnam Sustainability Index VNSI by Ho Chi
Minh Stock Exchange for the period starting from August 5, 2019 to July 31,
2020; which included top 20 stocks of HOSE listed companies that have the best
sustainable development scores. VNSI is one of the measures for the market,
providing the list of best companies which help investors refer to the “green”
of their portfolio. According to Airfinance Journal, Vietjet has been the 22nd ranked company in the world’s 50
airlines having the best operating and financial indicators among 162
well-known airlines over the world.
Aiming to become “Consumer
Airlines”, Vietjet corporated with major partners to create a diverse ecosystem
based on modern technology platforms, offering many attractive, high quality
services and products to meet the customers’ demands. In June 2019, Vietjet
launched the new version of mobile app integrated Vietjet SkyClub membership
program featuring many incentives, practical utilities and fast booking on
mobile phones. Along with cooperation program with Google Flights, Vietjet has
promoted images of Vietnamese people, tourism and the country to the world, as
well as offered convenient travel opportunities for Vietnamese and
international tourists. In August, Vietjet announced a partnership with
Swift247 and Grab to provide super-epxess delivery, through GrabExpress’s
freight forwarding service platform and Vietjet aircraft.
The aviation industry in
Vietnam has been developing and is expected to keep growing strongly in the
future. Airports Corporation of Vietnam (ACV) forecasted that in 2019 the
numbers of passengers transporting by the airlines will be 112 million, an
increase of more than 8 million passengers. Being the leading airline in
domestic market and strongly developing international flight network, Vietjet
has great advantages in its expanding flight network, modern and fuel
efficiency fleet with the world’s lowest average age of 2.82 years, reasonable ticket
prices that benefit majority of people and international visitors for visiting
relatives, traveling, studying abroad and trading purposes.