Vietjet has posted a stellar result for the first quarter of FY24 with revenue recorded at VND17.76 trillion (approx. US$701 million) while after-tax profit at 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$702.4 million) and VND539 billion (approx. US$21.3 million) respectively, growing by 38% and 212% YoY.
During the first three months of the year, Vietjet operated nearly 34,500 flights with more than 6.3 million passengers. 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 international passenger transport in Q1/2024 grew by more than 53% and 61% YoY in terms of numbers of flights and passengers respectively.
Over three months, the airline has launched 15 new international and domestic routes, lifting its total operating routes to 140. Among…
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