VietJet records 14% decline in 2019 profit
VietJet Air saw its operating profit in 2019 decline 14.3% to D4.98t (US$211m), down from the previous year’s profit figure of D5.8t. Consolidated revenue for the year ended Dec 31, 2019 declined 2.8% to D52t. Net profit meanwhile fell 20.9% to D4.22t. Cash and cash equivalents at Dec 31, 2019 amounted to D6.08t, lower than the D7.16t it had at the start of 2019. VietJet’s statistics show that the carrier’s passenger numbers in 2019 rose 9% to 25m. The number of routes operated during the year rose from 105 to 139, but its load factor fell 1.1 percentage point to 87%. It also stated that its cost per ASK in 2019 was 3.9 cents, and that excluding fuel, this was at 2.4 cents. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-24/unaligned/vietjet-records-14-decline-in-2019-profit
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VietJet records 14% decline in 2019 profit
VietJet Air saw its operating profit in 2019 decline 14.3% to D4.98t (US$211m), down from the previous year’s profit figure of D5.8t. Consolidated revenue for the year ended Dec 31, 2019 declined 2.8% to D52t. Net profit meanwhile fell 20.9% to D4.22t. Cash and cash equivalents at Dec 31, 2019 amounted to D6.08t, lower than the D7.16t it had at the start of 2019. VietJet’s statistics show that the carrier’s passenger numbers in 2019 rose 9% to 25m. The number of routes operated during the year rose from 105 to 139, but its load factor fell 1.1 percentage point to 87%. It also stated that its cost per ASK in 2019 was 3.9 cents, and that excluding fuel, this was at 2.4 cents. <br/>
