Vietjet posts $39.8 mln loss – VnExpress International


By Dat Nguyen  &nbspNovember 1, 2020 | 10:19 am GMT+7
Vietjet posts $39.8 mln loss  Vietjet posts $39.8 mln loss - VnExpress International WEBshutterstock1374093176 1604 6890 4261 1604198704

A Vietjet aircraft seen at Lien Khuong Airport in the central highlands town of Da Lat. Photo by Shutterstock/PixHound.

Budget airline Vietjet has recorded a loss of nearly VND925 billion ($39.83 million) in the first nine months due to pandemic-imposed flight restrictions.

The second largest airline in Vietnam in terms of market share saw Jan-Sept revenues fall 64 percent year-on-year to VND13.78 trillion, according to its Q3 financial statement.

Vietjet served over three million passengers in the third quarter and opened eight new domestic routes, bringing the total number of routes to 52.

However, the second Covid-19 outbreak in the last week of July and throughout August brought down travel demand again, resulted in Q3 revenues falling nearly 80 percent year-on-year to VND2.8 trillion. The total number of domestic flights plunged 35 percent to just over 15,000 in this period.

The budget carrier has been increasing the number of cargo flights to make up for dwindling revenues from passenger flights and increase application of the self-service system at the Noi Bai International Airport in Hanoi to lower costs.

Last year Vietjet posted a pre-tax profit of VND5.01 trillion, down 14 percent from 2018.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Vietjet posts $39.8 mln loss – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF