Vietjet’s international revenue reaches 55% in Q1
Vietjet launched four international routes in the first quarter of this year, increasing the number of routes to 111.
The proportion of international revenue surpassed domestic revenue and reached 55 per cent of the total air transport revenue.
Vietjet operated 33,646 flights in the first quarter of 2019 on its flight network, covering destinations in Vietnam and Japan, Singapore, South Korea, Thailand, Myanmar, Malaysia, Cambodia, China, Dubai and Doha.
Vietjet’s core revenue from air transport in this year’s first quarter reached over Bt13.7 billion, an increase of nearly 28 per cent, of which ancillary revenue reached Bt3.6 billion, up 45 per cent year on year.
The proportion of ancillary revenue (having a high-profit margin) in air transport revenue continued to increase from 23.1 per cent in QI/2018 to 25.4 per cent at the end of 2018 and reach to 26.3 per cent at the end of QI/2019.
As a result of exceeding its expectations, for 2018 Vietjet paid a dividend at the rate of 55 per cent, 5 per cent higher than the rate of 50 per cent approved at last year’s shareholders’ meeting.
With good business results, regional and international flight network expansion plan as well as cost management, operation quality management abilities, Vietjet expects to keep positive growth in the three key targets reported to the shareholders’ meeting.