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Transportation

Vietjet's shift to cargo earns it a profit in 2020 despite COVID

Vietnam budget airline keeps out of red through partnerships with UPS and others

Vietjet's pivot from air travel to cargo transport helped the Vietnamese airline turn a profit of $3 million in 2020. (Photo courtesy of Vietjet)

HO CHI MINH CITY -- Vietnamese budget airline Vietjet eked out a 2020 profit after tax of 70 billion dong ($3 million) , despite the headwind in the travel industry due to the coronavirus pandemic, thanks to a shift to cargo as Asia's exporters seek alternatives to skyrocketing container costs. 

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