Connecting Vietnam to 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 consists of 85 aircraft. Its flights achieve an average seat utilization rate of 87% and technical reliability of 99.7%.
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 passenger growth, 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.
The airline's ancillary and cargo revenue was strongly developed, contributing 34% of total air transport revenue and reaching 17.6 trillion VND, up 16% over the same period.
As of September 30, 2024, Vietjet's total assets reached nearly VND 94,000 billion, the debt/equity ratio was 2.25 times and the 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 VND5,565 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 trusted strategic partner with prestigious global organizations.
Pioneer in using clean fuel
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 aerospace and engineering group, have signed an agreement to supply 40 Trent 7000 engines and TotalCare engine engineering services for 20 new Airbus A330neo aircraft. In addition, Vietjet has 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 potential.
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 final months of the year, Vietjet aims to increase its operations to meet the travel needs of people during peak times. 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 economies of countries, and being responsible to society and the community.
With the strategy of developing the fleet and enhancing operational capacity to serve the development of the global flight network, Vietjet and Airbus have signed a contract to purchase 20 new generation wide-body aircraft A330neo with a total value of 7.4 billion USD.
In October, the airline received three aircraft and will continue to receive new, environmentally friendly aircraft in the fourth quarter of this year.
