Vietjet’s Half-Year Audit Report for 2024 Shows Strong Revenue and Profit Growth
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According to the report, the airline’s air transport revenue for the first half of 2024 reached VND 33,862 billion, a slight increase from the self-prepared report. Profit before tax reached VND 1,166 billion, a 688% increase compared to the same period last year.
In terms of consolidated business results, Vietjet achieved VND 34,030 billion in revenue and over VND 1,000 billion in pre-tax profit in the first six months of 2024, representing a 15% and 307% growth, respectively, compared to the previous year.
As of June 30, 2024, Vietjet’s total assets amounted to over VND 92,205 billion. Its debt-to-equity ratio stood at a healthy 2.16, well below the global average of 5. The liquidity ratio of 1.39 indicated a strong position in the aviation industry.
Saigon Ratings, an independent credit rating organization, maintained Vietjet’s long-term credit rating at vnBBB- with a “Stable” outlook. The company’s noticeable recovery, along with its proactive preparation in 2022 and 2023, positions Vietjet for accelerated and sustainable growth in the medium to long term.
Vietjet contributed VND 3,687 billion in direct and indirect taxes and fees to the state budget in the first six months of 2024.
During the same period, Vietjet safely operated over 70,000 flights, carrying nearly 13.1 million passengers. International passenger numbers reached 5.5 million, and international flights exceeded 28,300, reflecting a 52% and 43% increase, respectively, compared to 2023. Vietjet led the industry in passenger carriage.
The airline currently operates more than 149 routes across Vietnam and internationally, including 38 domestic and 111 international routes.
Vietjet’s fleet consists of over 105 aircraft (including Vietjet Thailand), and the company is actively expanding its network across continents, developing a modern and environmentally friendly fleet.
At the 2024 Farnborough International Airshow, Vietjet and Airbus signed a contract for the purchase of 20 new-generation A330neo (A330-900) wide-body aircraft, valued at USD 7.4 billion.
With its strategic vision of building and developing international standard aviation human resources, the Vietjet Aviation Academy (VJAA) has become a training partner of the International Air Transport Association (IATA).
 Vietjet Expands Its Network Across Continents with a Modern and Eco-Friendly Fleet
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Vietjet is a pioneer in researching, developing, and utilizing sustainable aviation fuel. The company is committed to becoming a green airline, leading in technology, environmental friendliness, and sustainable development.
Vietjet has been recognized by International Finance, a leading global financial magazine, as the “Best Low-Cost Airline” and “Best Financial Management Airline.” AirlineRatings awarded Vietjet as the “Best Ultra-Low-Cost Airline in the World” and “Best Low-Cost Airline for Onboard Services.” Forbes also named Vietjet among the top 50 best-listed companies in Vietnam for 2024.
Recently, the airline won two prestigious awards at the 2024 World Travel Awards: “Asia’s Leading Airline for Customer Experience” and “Asia’s Leading Airline Loyalty Program.”
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