Vietjet increases revenue by 15% in the first 6 months of 2024

Thanh Vũ |

Vietjet Aviation Joint Stock Company (HOSE: VJC) has just announced its business results for the first six months of 2024 with record revenue growth.

In the first half of 2024, Vietjet transported 13.1 million passengers, operating 70,154 safe flights.

In the second quarter of 2024, Vietjet recorded air transport revenue reaching 15,128 billion VND, profit before corporate income tax reached 517 billion VND, an increase of 23% and 683% respectively over the same period.

Accumulated for 6 months, the airline's air transport revenue reached 32,893 billion VND, an increase of 31% over the same period. Pre-tax profit reached 1,174 billion VND, an increase of 690% over the same period.

Vietjet has returned to higher operations than in 2019, before the COVID-19 pandemic. Photo: HT
Vietjet has returned to higher operations than in 2019, before the COVID-19 pandemic. Photo: HT

Regarding consolidated business results, Vietjet achieved 34,016 billion VND in revenue, and 1,311 billion VND in pre-tax profit after the first 6 months of 2024, growing 15% and 433% respectively over the same period, exceeding 21% compared to the previous year. year plan.

As of June 30, 2024, Vietjet's total assets reached more than 91,755 billion VND. The debt/equity ratio is only 2 times compared to the normal level in the world which is 5 times. The balance of cash and cash equivalents at the end of the second quarter reached more than 4,100 billion VND.

According to updates from the independent credit rating organization Saigon Ratings, Vietjet is maintained with a long-term credit rating of vnBBB - with a "Stable" outlook. The airline is assessed with a clear recovery. At the same time, with the company's proactive preparation of important conditions and premises in 2022 and 2023, Vietjet can develop faster and more sustainably. in the medium and long term.

Vietjet contributed direct and indirect taxes and fees to the budget in the first six months of 2024 of VND 3,687 billion.

Continuing to pioneer in opening international routes

Up to now, Vietjet is operating more than 149 routes throughout Vietnam and internationally, including 38 domestic routes and 111 international routes.

Vietjet opened a flight connecting Ho Chi Minh City with Xi'an, capital of Shaanxi province (China), opened a flight from Phu Quoc to Taichung and Kaohsiung (Taiwan, China), opened a flight from Ho Chi Minh City to Vientiane (Laos).

Vietjet's international routes provide flying opportunities for tens of millions of passengers around the world. Photo: HT
Vietjet's international routes provide flying opportunities for tens of millions of passengers around the world. Photo: HT

The airline also announced the Nha Trang - Daegu (South Korea) route, expected to operate from October 2024, making it the airline with the most routes between Vietnam and Korea, marking a 10-year journey connecting Vietnam - Korea. Vietnam, transporting 10 million passengers on more than 37 routes between the two countries.

For the Asia - Australia transcontinental flight, Vietjet launched two routes Hanoi - Melbourne, Hanoi - Sydney, bringing the number of routes between Vietnam - Australia to 7, creating convenience for people and passengers. moving, traveling, investing, economic exchanges, trade, studying abroad, visiting relatives... between the two countries. With 5 flight routes from Ho Chi Minh City to Australia's 5 largest cities, Vietjet is the airline operating the most routes between the two countries Vietnam - Australia with 58 flights per week.

Develop a modern, environmentally friendly aircraft fleet

Operating a fleet of more than 105 aircraft (including Vietjet Thailand) with the number of passengers growing continuously every year, Vietjet is actively expanding its flight network in the skies of continents, developing new fleets and Modern, environmentally friendly.

With the strategy and vision of building and developing international standard aviation human resources, Vietjet Aviation Academy (VJAA) has become a training partner of the International Air Transport Association (IATA).

In the first half of 2024, VJAA trained more than 43,000 students with 3,898 courses; proactively train pilots and specialized technical staff (CRS) to meet technical needs. The academy has also put into operation simulation cockpit No. 3, continuing to be the leading international pilot training center in the region.

Vietjet is continuing to expand its international flight network further. Photo: HT
Vietjet is continuing to expand its international flight network further. Photo: HT

Arousing the passion to conquer the sky, Vietjet welcomes many students to study in a multinational working environment, providing students with knowledge and practical experience. The airline also accompanies universities to provide career orientation for students, opening up work opportunities at Vietjet.

On flights during the celebration of National Unification Day April 30 and International Labor Day May 1, Vietjet introduces the image of a reformed and integrated Vietnam.

During Children's Day June 1, International Women's Day March 8, Valentine's Day February 14..., Vietjet flights are filled with a festive atmosphere, bringing surprising and meaningful gifts to passengers.

At the 2024 Tourism Festival, Vietjet led the Summer Parade with impressive images to domestic and international people and tourists, spreading the meaningful message "Protect the blue planet", protect the environment. environment, protect wildlife and develop together for a bright future for all...

Vietjet is a pioneer in participating in research, development and use of sustainable aviation fuel, aiming to become a green airline, leading in technology, environmentally friendly and activities associated with development. sustainable development.

In order to enhance exploitation capacity and serve the development of the global flight network, at the recent Farnborough Airshow 2024 International Aviation Exhibition, Vietjet and Airbus aircraft manufacturing group signed a contract to order 20 aircraft. new generation wide body A330neo (A330-900) with a total value of 7.4 billion USD.

Vietjet has also been honored by the world's leading financial magazine International Finance as "Best low-cost airline" and "Best financial management airline"; was honored by AirlineRatings as "The world's best super-savings airline" and "The low-cost airline with the best onboard service of the year"; honored by Forbes in the top 50 best listed companies in Vietnam in 2024.

The year 2024 marks a new, comprehensive development milestone for the airline with its mid-range international flight network expanding widely, ready to meet domestic transportation needs and continue with plans to expand its international flight network. farther.

Thanh Vũ
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