By the end of the first 9 months of 2024, Vietjet achieved revenue of VND 51,769 billion. Illustration photo: Vietjet
Connecting Vietnam with the world Not only meeting the needs of exploring popular destinations, Vietjet's international routes have contributed to promoting tourism, trade and bilateral investment between Vietnam and other countries. In the first 9 months of 2024, Vietjet transported more than 19.6 million passengers on 104,000 flights, up 6% and 2% respectively over the same period in 2023; of which more than 2.54 million were international passengers, up 9.1% over the same period in 2023. Vietjet's fleet has 85 aircraft. The airline's flights achieved a high average seat utilization rate of 87% and technical reliability of 99.7%. The total cargo volume reached 88,964 tons, up 73% over the same period, accounting for more than 10% of the market share of cargo transported by Vietnamese airlines. By the end of the third quarter of 2024, Vietjet will operate a total of 155 routes, including 43 domestic routes and 112 international routes. Vietjet has launched direct flights from Da Nang to Ahmedabad (India), Xi'an (China) to Ho Chi Minh City, increased the frequency of direct flights between Ho Chi Minh City and Perth (Australia) and many other destinations in the region such as Korea, Japan, Hong Kong (China) ... In addition, the airline is promoting promotional programs to support passengers on international flights in preparation for the upcoming peak season of Christmas and Lunar New Year. With a comprehensive flight network and strong growth in the number of passengers, in the third quarter of 2024, Vietjet welcomed its 200 millionth passenger, marking an important milestone in the journey of connecting Vietnam with the world and bringing the world to Vietnam. Leading in promoting economic development In the first 9 months of 2024, Vietjet recorded flight revenue of VND51.7 and VND52.2 trillion, consolidated revenue, up 32% and 19% respectively over the same period in 2023. Separate and consolidated profit after tax reached VND1,134 billion and VND1,405 billion, up 884% and 564% respectively over the same period in 2023. Ancillary and cargo revenue were strongly developed by the airline, contributing 34% of total air transport revenue and reaching VND17.6 trillion, up 16% over the same period. As of September 30, 2024, Vietjet's total assets reached nearly VND94,000 billion, debt/equity ratio was 2.25 times and liquidity ratio was 1.4 times, at a safe level in the aviation industry. Cash balance, bank deposits and cash equivalents reached nearly VND 3,997 billion, plus working capital limit, ensuring the company's ability to pay quickly. Vietjet contributed nearly VND 5,565 billion in direct and indirect taxes and fees in the first 9 months of 2024. Vietjet continues to affirm its leading position in promoting economy, trade and tourism, and is a reliable strategic partner with prestigious global organizations. Pioneering in using clean fuel Along with the mission of realizing the "dream of flying" for millions of people, Vietjet has been continuously providing consumer services on e-commerce platforms, focusing on technology programs, promoting digital business, bringing the highest convenience and satisfaction to passengers. Continuously investing in new aviation technology solutions and services to ensure the highest standards of safety and quality, Vietjet has signed many important cooperation agreements within the framework of the Farnborough Airshow 2024. Vietjet and Rolls-Royce, the UK's leading engineering and aerospace group, signed an agreement to supply 40 Trent 7000 engines and TotalCare engine engineering services for 20 new Airbus A330neo aircraft. In addition, Vietjet also signed a comprehensive engineering service agreement with Lufthansa Technik, the world's leading aviation maintenance provider. Continuously recruiting personnel with quality training programs, Vietjet not only meets the human resource development needs of the airline but also of the domestic and international aviation industry. The airline opens many large-scale recruitment campaigns for various positions, providing many career opportunities with good income, benefits and promotion opportunities. Aiming at the goals of emission reduction, green transformation and ESG sustainable development, Vietjet is a pioneer in the research, development and use of sustainable fuel (SAF). Vietjet has cooperated with prestigious international partners to carry out activities of supplying and using SAF and electronic equipment, aviation technical services for the entire modern fleet of the airline. In the last months of the year, Vietjet aims to increase its operational activities to serve the travel needs of people during peak seasons. At the same time, aiming to become a green airline, leading in technology, Vietjet will continue to promote activities associated with sustainable development, contributing to the national economy, and being responsible to society and the community.| With a strategy to develop its fleet and enhance its operational capacity to serve the development of its global flight network, Vietjet and Airbus have signed a contract to purchase 20 new generation wide-body A330neo aircraft worth a total of 7.4 billion USD. In October, the airline received 3 aircraft and will continue to receive new, environmentally friendly aircraft in the fourth quarter of this year. |
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