Vietjet Reports H1 2021 Results

Vietjet Aviation has published its financial statements for Q2 and H1 2021.

In Q2 2021, Vietjet’s air transport revenue was VND2,973 billion (approximately US$129.7 million), a growth of 51% year-on-year thanks mainly to high travel demand in April. Vietjet’s consolidated revenue for the quarter totaled VND4,337 billion (US189 million).

Revenue in passenger transport for H1 2021 totaled VND5,818 billion (US$253 million), generating a post-tax profit of VND13.7 billion (US$597,500). The airline’s consolidated revenue and consolidated post-tax profit were VND8,386 billion (US$365 million) and VND127 billion (US$5.53 million), respectively, both higher than in H1 2020.

Vietjet has ventured into financial and project investments to expand its business portfolio in support of the air transport sector while optimizing equity capital during the temporary aviation slowdown. Revenue in financial and investment activities was over VND1,756 billion (US$76.5 million).

Vietjet’s total assets reached VND44,000 billion (US$1.9 billion) by the end of June. Its debt-to-equity ratio stayed at as low as 0.73 while the liquidity ratio remained at 1.5.

Vietjet 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 year-on-year growth of 40% to 45% with more than 37,000 tons of cargo delivered.

Together with strategic partners in the Sovico Group, Vietjet has played a very active role in the national fight against the COVID19 pandemic by donating to the National Vaccine Fund, granting ambulance vans to local health departments, sponsoring medical equipment to intensive care units (ICUs), airlifting healthcare workers and medical equipment free of charge, and organize charity kitchen to provide meals for the pandemic-affected citizens.

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