Top News Vietjet reports higher year-on-year revenue By TTG Asia / Posted on 4 August, 2021 13:39 Vietnamese budget airline Vietjet has recorded higher year-on-year revenue, earning VND127 billion (US$5.5 million) in the first half of 2021, despite the pandemic. According to financial statements released by the Vietjet Aviation Joint Stock Company, Vietjet’s air transport revenue reached VND2,973 billion in 2Q2021, recording a 51 per cent year-on-year growth thanks to high travelling demand in April. Vietjet records earnings amounting to VND127 billion (US$5.5 million) in the first half of 2021 The airline has also sought ways to lift the cargo sector despite the impact of the fourth wave of Covid-19 in Vietnam this quarter. Vietjet’s consolidated revenue totalled VND4,337 billion in 2Q. Revenue in passenger transport for 1H2021 was recorded at VND5,818 billion, generating a post-tax profit of VND13.7 billion. The airline’s consolidated revenue and consolidated post-tax profit were reported at VND8,386 billion and VND127 billion, respectively – both higher compared to 2020. Amid the aviation slowdown, Vietjet has expanded its business portfolio by venturing into financial and project investments which has raked in more than VND1,756 billion of revenue. Vietjet’s total assets reached VND44,000 billion by the end of June. Vietjet has transported more than 4.8 million passengers on 34,000 flights over the first six months of the year. The airline has also focused on refining operation protocols and boosting its cargo operations, resulting in a 40-45 per cent year-on-year growth.