Budget Carrier Jetstar Pacific Gains $390 M In Revenue

HÀ NỘI — Budget carrier Jetstar Pacific, an affiliate of Vietnam Airlines Corporation, announced its estimated total revenue was VNĐ9.1 trillion (US$390 million) this year, 21 per cent higher than the target set early this year.

The airline said it recorded a profit after years of losses, but did not disclose the figure.

The carrier transported 6.2 million passengers this year, up 14.3 per cent year on year.

In the third quarter of this year, Jetstar Pacific recorded an impressive 31.7 per cent increase in domestic passengers and an 18.5 per cent increase in international passengers. It is expected that the number of passengers during the peak period of the 2019 Tết (Lunar New Year) holiday will increase by 12 per cent.

According to the airline, the impressive results were achieved despite difficulties faced by the aviation industry such as fluctuations in exchange rates and rising fuel prices (up 30 per cent over the previous year).

Jetstar Pacific currently operates about 750 flights per week, covering most cities and popular tourist destinations in Việt Nam, and runs international flights connected with Jetstar Group and Vietnam Airlines.

The airline’s two major shareholders are Vietnam Airlines and Qantas Airways. — VNS