In the first quarter of 2024, Vietjet’s air transport revenue reached 17,765 billion VND, with its after-tax profit reaching 520 billion VND, a respective increase of 38% and 209% compared to the same period in 2023.
Vietjet recorded a consolidated revenue and after-tax profit of 17,792 billion VND and 539 billion VND, respectively, marking an increase of 38% and 212% over the same period in 2023.
Within the first three months of the year, Vietjet safely operated nearly 34,500 flights, transporting over 6.3 million passengers. The airline’s flights achieved an average high seat utilization rate of 87%, with a technical reliability rate of 99.6%.
Pursuing the strategy of expanding its international flight network, international passenger transport in the first quarter of 2024 showed a growth of over 53% and 61% in the number of flights and passengers compared to the same period in 2023.
In the first quarter of 2024, Vietjet launched 15 new international and domestic routes, bringing the total number of routes to 140. The airline continuously announced and inaugurated new international routes including Phu Quoc – Taipei (Taiwan, China), Ho Chi Minh City – Chengdu, Xi’an (China), Ho Chi Minh City – Vientiane (Laos), and routes from Hanoi to Hiroshima (Japan), Sydney, and Melbourne (Australia).
These achievements demonstrate that Vietjet has overcome the common challenges faced by the aviation industry due to aircraft shortages, maintained its growth momentum from 2023, and continued to pioneer the opening of new international routes, creating a strong impetus for its operations throughout 2024.
As of March 31, 2024, Vietjet’s total assets reached over 85,828 billion VND, with a debt-to-equity ratio of 1.9 times and a liquidity ratio of 1.3 times, which are at safe levels within the aviation industry.
Vietjet contributed direct and indirect taxes and fees of 1,770 billion VND in the first quarter of 2024.
In addition to connecting Vietnam with the world through its flight network, Vietjet has taken the lead in connecting with the world through world-class technology application and research investment projects.
Riding on the growth momentum from the beginning of the year, Vietjet has set various ambitious targets to achieve strong results in the following quarters and throughout 2024. In addition to maintaining its position in the domestic market, Vietjet aims to further expand its international flight network, planning to operate 142,000 flights and transport 27.4 million passengers in 2024.
