Vietjet Releases Third Quarter Financial Statement

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its third quarter financial statement for 2022. The results highlight Vietjet’s growth in domestic and international passengers & the promotion of local economic recovery and inbound tourism.

During the third quarter of 2022, Vietjet operated more than 35,000 flights with 6.4 million passengers onboard. From a Post-Covid-19 perspective, the recovery of domestic passenger transport has begun to move upwards with the total number of flights and passengers increasing by 36% and 44% respectively. The recovery in international passenger transport was also set in motion, reaching about 25% of pre-Covid-19’s level. Total volume of cargo airlifted in the third quarter was 11,500 tons.

Vietjet, in September 30, 2022, operated 84 routes, including 49 domestic and 35 international routes. During the first nine months of 2022, the accumulated number of flights and passengers were 87.7 thousand and 15.4 million respectively, which is a surge of 150% and 225% YOY.

Vietjet reported revenue of VND10,256 billion (Separated) (INR34 billion and US$412 million approx.) and VND11,600 billion (consolidated) (INR38 billion and US$466 million approx.) in the third quarter of 2022, leaping by 652% and 337% YOY. Following its 9 months of 2022, Vietjet has completed 85% of its revenue plan.