Vietjet reports strong revenue for Q1 2019
Vietjet has reported revenue is up by nearly 28% during the first quarter of 2019.
In its Q1 (first quarter) financial report the Vietnamese budget airline says international route revenue surpassed domestic revenue reaching 55% of total revenue.
In the first quarter Vietjet launched four new international and two domestic routes, a total of 111 routes in its network.
Vietjet operated 33,646 flights in the same period covering its local routes, and internationally in Japan, Hong Kong, Singapore, South Korea, Taiwan, Thailand, Myanmar, Malaysia, Cambodia, and China.
Air transport profit before tax reached *approximately USD39.6 million, up to 25.3% year-on-year, while consolidated profit before tax reached approximately USD70.8 million, an 11.3% increase.
Business results in 2019 so far continuously exceeded forecasted targets with consolidated revenue reaching approximately USD585.6 million and consolidated profit after tax reaching approximately USD 62.8 million, equivalent to an increment of 9% and 7% year-on-year respectively.
Vietjet has reached 23.4% of this year’s revenue plan so far and 26.5% of its profit projection.
*Converted from Vietnamese currency
