Vietjet Aviation has reportedly gained a consolidated revenue of VND 12,875 billion (approx. US$555 million) in 2021 and an after-tax profit of VND80 billion (approx. US$3.4 million), based on its recent 2022 Annual General Shareholders’ Meeting.
Vietjet rebounded in 2021 last year, it expanded its flight network and offered travelers more opportunities to fly. Last year, the airline operated 40,000 flights and transported more than 5.4 million passengers across over 50 domestic and international routes. It also airlifted more than 63,000 tons of cargo, reporting revenue growth of 200% YOY.
The airline company also operated several flights to airlift doctors, police officers, and soldiers to pandemic-stricken localities as well as delivered millions of Covid-19 vaccine doses.
It joined hands with Sovico Group to grant medical utilities including ambulances, breathing machines, testing kits, and hospital beds to wherever it was needed.
Vietjet commanded a fleet of 76 aircraft flying to 44 domestic and 95 international destinations. In preparation for post-pandemic recovery, Vietjet signed a strategic partnership agreement with Airbus on the deliveries of aircraft orders and cooperation to develop the airline’s wide-body fleet, in addition to other post-pandemic support by end of 2021.
The airline company made the investment in a wide-body fleet of Airbus A330-300 following the low-cost model, beginning a new era of longer-range flight routes. Both sides have also recently reached an agreement to continue their order contract with long-term cooperation programs aimed at making Vietnam a regional and global aviation center.
As part of its 2022 business plan, the airline aims to expand its fleet to 82 aircrafts, operating 100,000 flights and transporting 18 million passengers.
With all these new improvements and plans ahead, the airline plans to earn more than VND22,300 billion (approx. US$959 million) in air transport revenue and make a profit.
“Vietjet has actively resumed its domestic and international routes after the pandemic was put under control, including expanding new routes to Japan, South Korea and India. I hope that Vietjet’s newly added wide-body Airbus A330 fleet that is currently in preparation to fly to Australia and Europe will bring in more success to the airline,” said Deputy Minister of Transport Le Anh Tuan.
Since Vietjet first took flight in 2011, it has been known to be a pioneer in many aspects, such as using e-tickets in replacement of paper and the implementation of e-commerce.
Among revolutionary changes rolled out was the SFC02 that included solutions to optimise fuel consumption in aircraft operation and reducing environmental pollution. Next, the airline will continue to monitor and manage fuel consumption and CO2 emission of civil aircrafts as it strives towards emission reduction and climate change prevention.
