The airline transported a total of 13.1 million passengers on more than 70,000 safe flights in H1/2024
Vietjet Aviation Joint Stock Company has released its audited financial statement for H1 2024, reporting strong growth in revenue and profit YoY.
According to the report, Vietjet’s air transport revenue reached VND33.862tn (approx. US$1.37 bn) in the first 6 months of 2024, slightly higher than the compiled financial statements. Pre-tax profit was recorded at VND1.166tn (approx. US$47.38mn) – an increase of 688% YoY.
Vietjet reported H1 consolidated revenue of VND34.030tn (approx. US$1.38 billion) and consolidated pre-tax profit of more than VND 1tn (approx. US$40.63 million), increasing by 15% and 307% respectively YoY.
As of June 30, 2024, Vietjet’s total assets reached over VND92.205tn (approx. US$3.74bn). The debt-to-equity ratio stayed at around 2.16 while the global average was at 5. Its liquidity ratio stood at 1.3 which was within good range of the aviation industry.
According to Saigon Ratings – an independent credit rating organization, Vietjet has maintained a long-term credit rating of vnBBB- with a “Stable” outlook. Judging on the airlines’ remarkable on-going recovery and its proactive preparations for future plans throughout 2022 and 2023, Vietjet is believed to make break-through developments faster and more sustainably in the medium and long term.
Vietjet has paid a total of VND3.687 trillion (approx. US$146.78 million) of direct and indirect taxes and fees in the first half of 2024.
The airline transported a total of 13.1mn passengers on more than 70,000 safe flights in H1/2024. The number of international passengers reached 5.5 million while the number of international flights exceeded 28,300, increasing by 52% and 43% respectively YoY, making it the leading airline in terms of passenger volume.
