Phnom Penh, June 29, 2020 – Vietjet Joint Stock Company holds its Annual Shareholders' Meeting in 2020 to review its business performance in 2019 and vote on the approved financial statements. Audited and discussed the company's development plans for 2020.
Vietjet has shown strong business growth and sustainable development with positive business results last year, the Executive Board said. In 2019, Vietjet earned VND 50.603 billion (about 2.2 billion US dollars) and 4.569 billion VND (about $ 200 million) in pre-tax revenue. Vietjet's audited air freight revenue reached 41.252 billion VND (about 1.8 billion USD), up 22 percent year-on-year. By 2018, the profit was 3,869 billion VND (about 170 million US dollars) before taxes, an increase of 27 percent over 2018.
In 2019, Vietjet added 34 new routes, bringing the total to 139, 44 of them domestic and 95 international. In total, 139 flights carried more than 25 million passengers, bringing the company to its "100 million passenger" target. This gives Vietjet a solid foundation to recover from the Kiev crisis. Vietjet received many prestigious awards in 2019 and has continued to invest in the Aviation Institute, which has now become one of the region's leading aviation training institutes.
All the success achieved in 2019 has helped Vietjet become a major airline that has made a significant contribution to Vietnam's aviation development as well as the national and global economic recovery. Also.
Vietnam's aviation sector has been badly affected since the start of 2020, but when the global aviation market resumed, Vietjet launched a campaign. The so-called "Returning to the Sky" and the opening of eight new routes led to a total of 53 domestic flights. Thai Vietjet is also the first airline to re-operate Phuket Airport, expanding five of its new domestic airlines in Thailand.
Vietjet is expected to launch 90 planes, more than 118,000 flights and more than 20 million passenger service by the end of 2020. This is due to the fact that the Vietnamese Government is implementing a variety of programs and solutions to help all airlines with tax and fees relief, and low interest loans.
By 2020, Vietjet will focus on reducing unnecessary costs with the aim of enabling its main source of air service by the end of 2020.
After reopening and expanding domestic flights, Vietjet and Vietnam's aviation sector are ready to launch their international flights from July onwards. Manage the spread of Ivory 19 and ensure the safety of its passengers and staff.