Vietjet recently inaugurated two new routes connecting Hanoi, Ho Chi Minh City with Ahmedabad, the largest city in the state of Gujarat in western India. The carrier will operate four weekly return flights every Tuesday, Thursday, Saturday, and Sunday for each route. The new route launch is part of its expansion plan to cover up to 17 services between Vietnam’s key cities of Ha Noi, Ho Chi Minh City, Da Nang and Phu Quoc with India’s hubs of New Delhi, Mumbai, Ahmedabad, Hyderabad and Bangalore.
With flight time of just over four hours per leg, Vietjet is making it easier and affordable for Indians, and now travelers from Ahmedabad, to visit Hanoi, the capital of Vietnam, and Ho Chi Minh City, an economic icon with a vibrant pace of life, offers various entertainment experiences. Direct flights not only allow travelers visit Vietnam directly but also connect to other Asian destinations such as Bali, Singapore, Kuala Lumpur, Bangkok, Phuket, Chiang Mai, Seoul, Busan, Tokyo, Osaka, Fukuoka, Nagoya and Taipei, etc. through Vietjet’s South – Southeast – Northeast Asia connectivity.
Vietjet recently announced its audited half-year financial statements for 2022, reporting air transport revenue of VND14,898 billion (approx. US$640 million) and after-tax profit of VND80.33 billion (approx. US$3.45 million), which jumped by 197% and 135% YOY respectively.
The airline’s consolidated revenue reached VND15,934.6 billion (approx. US$684.5 million) while the consolidated after-tax profit was VND145 billion (approx. US$6.22 million), both increasing by 111% and 19% YOY respectively. The consolidated revenue and profit were posted to be lower as a commercial aircraft transaction worth of VND275 billion (approx. US$11.8 million) was carried forward to the next accounting period. As of 30 June, 2022, Vietjet’s assets totalled VND62,669 billion (approx. US$2.69 billion). Its debt-to-equity ratio stayed at 1.09 while the liquidity ratio was at 1.49.