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01-Feb-2021 7:22 AM

Vietjet reports USD12 million profit in Q4; ancillaries earned 50%

Analysis

Vietjet Aviation Joint Stock Company, parent of Vietnamese LCC Vietjet, has become one of a tiny number of airlines to have made a profit for the full year 2020.

Vietjet reported a USD11.9 million after tax profit for the fourth quarter of 2020, and a net return of USD3 million for the full year.

According to the airline, ancillaries accounted for nearly 50% of total revenue.

Vietjet has also carried 60,000 tons of cargo for the year.

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