Overcoming the challenging aircraft shortages in the aviation industry, Vietjet Aviation Joint Stock Company has reported outstanding business performance in Q1/2024, providing a strong boost for the entire year.
In Q1/2024, Vietjet’s air transport revenue was recorded at VND17.76 trillion (approx. US$701.13 million), while after-tax profit was VND520 billion (approx. US$20.5 million), increasing by 38% and 209% YoY respectively.The airline’s consolidated revenue and after-tax profit were VND17.79 trillion (approx. US$702.39 million) and VND539 billion (approx. US$21.27 million) respectively, growing by 38% and 212% YoY in the given order.
During the first three months of the year, Vietjet safely operated nearly 34,500 flights with more than 6.3 million passengers onboard. The airline’s average load factor rate reached 87%, and the technical reliability rate was 99.6%.
Advancing its strategy to expand internationally, Vietjet’s…