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How VietJet Air Turned A Profit In 2020 Despite The Global Pandemic

According to simpleflying

Vietnamese budget airline VietJet Air reported turning a profit in 2020 despite the catastrophic events that have disrupted the aviation industry. Posting its most recent financial results on January 31st, the company posted an after-tax profit equivalent to $3 million. Let’s find out how the airline managed to do this.

Vietjet A320
VietJet Air is currently an all-A320-Family carrier. However, this is set to change as it has the high-density version of the 737 MAX 8 on order.
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Why there are so many start-up airlines despite the pandemic?

According to critical journal of Simpel flying

The pandemic has impacted aviation profoundly, even for a usually volatile industry. From airlines cutting routes, canceling orders, and being grounded for months, the last year has been extremely tough. However, despite the challenges, several start up airlines have emerged around the globe. From Asia to South America, new airlines are cropping up every month. But why are so many seeing the pandemic as an opportunity?

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