Vietjet Air achieves revenue of 62.5 trillion VND in 2023, cash surplus doubles

Last year, Vietjet safely operated 133,000 flights, transporting 25.3 million passengers (excluding Vietjet Thailand), including over 7.6 million international travelers, marking a remarkable 183% increase compared to 2022.


Vietjet Airlines Corporation (Vietjet Airs, VJC) has just announced its consolidated financial statements for the fourth quarter of 2023, reporting consolidated revenue of VND 18.8 trillion, an increase of 49% compared to 2022. In which, auxiliary revenue and cargo transportation revenue reached VND 18.9 trillion, a strong growth of 46% and contributed 40% to total aviation revenue. After deducting expenses, the Company achieved a consolidated net profit of VND 152 billion.

Accumulated for the whole year 2023, Vietjet recorded consolidated revenue of VND 62.5 trillion, an increase of 56% compared to 2022. Consolidated net profit reached VND 344 billion.

In the past year, Vietjet has safely operated 133,000 flights, transporting 25.3 million passengers (excluding Vietjet Thai), of which more than 7.6 million were international passengers, an increase of 183% compared to 2022.

Currently, the company has expanded its flight network with 33 newly opened international and domestic routes, bringing the total number of routes to 125, including 80 international routes and 45 domestic routes. Outstanding routes include Ho Chi Minh City – Shanghai (China), Ho Chi Minh City – Vientiane (Laos), Hanoi – Siem Reap (Cambodia), Hanoi – Hong Kong (China), Phu Quoc – Taipei (Taiwan, China), Phu Quoc – Busan (South Korea) …

Vietjet is also the first airline to connect Vietnam with the five largest cities in Australia, including Sydney, Melbourne, Perth, Adelaide, Brisbane.

The total cargo volume transported reached 81.5 thousand tons, an increase of 73% compared to the same period.

As of December 31, 2023, Vietjet’s total assets reached over VND 84.6 trillion, an increase of nearly 25% compared to the beginning of the year, due to Vietjet’s investment in new generation A321 NEO aircraft. Of which, the balance of cash and cash equivalents reached VND 5,021 billion, more than double the same period last year.