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Vietnam’s Vietjet mulls 20 new routes in 2019

Saturday, April 20, 2019, 12:59 GMT+7
Vietnam’s Vietjet mulls 20 new routes in 2019
Vietjet airplanes are seen in this file photo.

Vietnam’s low-cost carrier Vietjet said at its 2019 Annual General Shareholders’ Meeting in Ho Chi Minh City on Friday that the company planned to open 20 more new international routes this year.

The 20 added routes will raise Vietjet’s flight network to 133 domestic and international destinations, from the current 113 services.

The airline also targets to increase its air transport revenue to VND42,250 billion (US$1,817 million) and air transport profit at VND3.8 trillion ($163.4 million) in 2019.

According to the company’s reports at Friday’s meeting, Vietjet continued to record high and sustainable growth in all targets last year.

In 2018, it opened one new domestic route and 22 international flights.

Vietjet’s air transport revenue in 2018 reached VND33,779 billion ($1,452 million), an increase of 49.8 percent year on year, and accomplished 112.2 percent of its plan. Its air transport profit before tax also increased by 48.9 percent year on year.

According to its development orientation announced at the event, Vietjet aims to effectively expand international routes, consider investment opportunities for infrastructure, terminals, technical services, ground services, training to promote the airline’s experience, advantages, and efficiency in the next three years.

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