Vietjet's revenue increased by 31% in the first six months of 2024

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

In the first six months of 2024, Vietjet returned to higher operating levels than in 2019, before the COVID-19 pandemic - Photo: HT

In the first six months of 2024, Vietjet has returned to higher operating levels than in 2019, before the COVID-19 pandemic. The airline transported 13.1 million passengers and operated 70,154 safe flights. In the second quarter of 2024 alone, Vietjet recorded air transport revenue of VND 15,128 billion, pre-tax profit of VND 517 billion, up 23% and 683% respectively over the same period. Profit increased by 31% over the same period . In the first six months, the airline's air transport revenue reached VND 32,893 billion, up 31% over the same period. Pre-tax profit reached VND 1,174 billion, up 690% over the same period. Regarding consolidated business results, Vietjet achieved VND 34,016 billion in revenue and VND 1,311 billion in pre-tax profit after the first 6 months of 2024, up 15% and 433% respectively over the same period, exceeding the annual plan by 21%. As of June 30, 2024, Vietjet's total assets reached more than VND 91,755 billion. The debt/equity ratio was only 2 times compared to the normal level in the world up to 5 times. Cash and cash equivalents balance at the end of the second quarter reached more than VND 4,100 billion.

Vietjet's international routes bring flying opportunities to millions of passengers around the world.

According to the update of the independent credit rating organization Saigon Ratings, Vietjet has maintained its long-term credit rating of vnBBB- with a "Stable" outlook. The airline is assessed to have a clear recovery, and with the company's proactive preparation of important conditions and premises in 2022 and 2023, Vietjet can break through to develop faster and more sustainably in the medium and long term. Vietjet has contributed VND 3,687 billion in direct and indirect taxes and fees to the budget in the first six months of 2024. Continuing to pioneer in opening international routes Up to now, Vietjet is operating more than 149 routes across Vietnam and internationally, including 38 domestic routes and 111 international routes. Vietjet has opened a route connecting Ho Chi Minh City with Xi'an, the capital of Shaanxi Province (China), opened a route from Phu Quoc to Taichung and Kaohsiung (Taiwan, China), and opened a route from Ho Chi Minh City to Viantiane (Laos). The airline also announced the Nha Trang - Daegu (South Korea) route, expected to operate from October 2024, being the airline with the most routes between Vietnam and South Korea, marking a 10-year journey connecting Vietnam and South Korea, carrying 10 million passengers on more than 37 routes between the two countries.

Opening Hanoi - Melbourne route, Vietjet is the airline operating the most routes between Vietnam and Australia

For the Asia - Australia transcontinental route, Vietjet launched two routes Hanoi - Melbourne, Hanoi - Sydney, bringing the number of routes between Vietnam - Australia to 7, creating convenience for people and passengers to travel, travel, invest, exchange economic , trade, study abroad, visit relatives... between the two countries. Along with 5 routes from Ho Chi Minh City to the 5 largest cities in Australia, Vietjet is the airline operating the most routes between the two countries Vietnam - Australia with 58 flights per week. Developing a modern, environmentally friendly fleet Vietjet is currently 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 the continents, developing a new, modern, environmentally friendly fleet. 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 has trained more than 43,000 students with 3,898 courses; proactively training pilots and specialized technical staff (CRS) to meet technical needs. The Academy has also put into operation the No. 3 simulator cockpit, continuing to be the leading international pilot training center in the region. Arousing the passion for conquering 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 job opportunities at Vietjet.

Vietjet is continuing to expand its international flight network further.

On flights during the celebrations of National Reunification Day on April 30 and International Labor Day on May 1, Vietjet introduced the image of a renewed and integrated Vietnam. On occasions such as Children's Day on June 1, International Women's Day on March 8, Valentine's Day on February 14, etc., Vietjet's flights were filled with a festive atmosphere, bringing unexpected and meaningful gifts to passengers. At the 2024 Tourism Festival, Vietjet led the Summer Parade with an impressive image to the people and tourists at home and abroad, spreading the meaningful message of "Protecting the green planet", protecting the environment, protecting wildlife, developing 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 sustainable development. In order to enhance its operational capacity and serve the development of the global flight network, at the recent Farnborough Airshow 2024, Vietjet and Airbus signed a contract to purchase 20 new generation wide-body aircraft A330neo (A330-900) with a total value of 7.4 billion USD. Vietjet was also honored by the world's leading financial magazine International Finance as "Best Low-Cost Airline" and "Best Financially Managed Airline"; and was honored by AirlineRatings as "World's Best Ultra-Saver Airline" and "Low-Cost Airline with Best In-Flight Service of the Year"; was honored by Forbes in the top 50 best listed companies in Vietnam in 2024. 2024 marks a new, comprehensive development milestone for Vietjet Air with a widely opened mid-range international flight network, ready to meet domestic transportation needs and continue with plans to expand the international flight network further. Source: https://baochinhphu.vn/vietjet-tang-31-doanh-thu-trong-sau-thang-dau-nam-2024-102240730214416669.htm