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