Vietjet Air achieves its highest-ever revenue in 2024 (Photo: T.L)
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According to the audited financial results, in 2024, Vietjet Air recorded aviation revenue of 71.7 trillion VND and after-tax profit of 1.27 trillion VND. Consolidated revenue exceeded 72 trillion VND, with after-tax profit reaching 1.4 trillion VND. This is the highest annual profit since the COVID-19 pandemic.
In 2024, the airline carried more than 25.9 million passengers on 137,000 flights and operated a total of 145 routes, including 44 domestic and 101 international routes. Vietjet Air became the airline with the largest number of passengers carried in Vietnam.
As of 2024, Vietjet Air owned a fleet of 94 aircraft, boasting the youngest fleet in the region. Their flights achieved an average seat utilization rate of 87% and a technical reliability of 99.72%.
As of December 31, 2024, Vietjet Air‘s total assets amounted to nearly 99.3 trillion VND, with a debt-to-equity ratio of 2.03 times and a liquidity ratio of 1.58 times, which is considered safe in the aviation industry.
Cash, bank deposits, and cash equivalents exceeded 8.4 trillion VND, coupled with working capital limits, ensuring the company’s quick payment capability.
Vietjet Air contributed over 7.5 trillion VND in direct and indirect taxes, fees, and charges in 2024.
Vietjet Air successfully inducts new aircraft in 2024 (Photo: T.L)
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These positive financial results reflect Vietjet Air‘s strategy of aggressively expanding its international network while maintaining a stable domestic network. This approach has helped the airline tap into new markets, enhance Vietnam’s connectivity with regional and global destinations, and boost tourism, trade, and investment.
Vietjet Air has also forged strategic partnerships, led the way in research and development toward emission reduction and green transformation, and consistently invested in new aviation technology solutions and services to maintain the highest standards of safety and quality.
In 2025, Vietjet Air marked a significant milestone in its development by operating its first flight from Vietnam to the United States. The airline aims to solidify its position as a pioneer in connecting Vietnam to the world by continuously expanding its international network, fostering trade, investment, cultural exchanges, and people-to-people connections between Vietnam and countries within and beyond the region.
– 14:03, May 12, 2025
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