Jetstar Pacific reports US$390 million in revenue
Budget carrier Jetstar Pacific, an affiliate of Vietnam Airlines Corporation, announced its estimated total revenue was VND9.1 trillion (US$390 million) this year, 21% higher than the target set early this year.
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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% year on year.
In the third quarter of this year, Jetstar Pacific recorded an impressive 31.7% increase in domestic passengers and an 18.5% increase in international passengers. It is expected that the number of passengers during the peak period of the 2019 Tet (Lunar New Year) holiday will increase by 12%.
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% over the previous year).
Jetstar Pacific currently operates about 750 flights per week, covering most cities and popular tourist destinations in Vietnam, and runs international flights connected with Jetstar Group and Vietnam Airlines.
The airline’s two major shareholders are Vietnam Airlines and Qantas Airways.
