Vietjet Soars On First Quarter Result

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, read more ⇒

Source:: AirlineRatings.Com

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