JavaScript is off. Please enable to view full site.

Vietnamese budget carrier Vietjet reports surge in 2023 revenue

Vietnamese budget carrier Vietjet reports surge in 2023 revenue

Friday, February 02, 2024, 12:10 GMT+7
Vietnamese budget carrier Vietjet reports surge in 2023 revenue
Vietjet’s aircraft maintenance center in Laos. Photo: Tuoi Tre

Vietnam's low-cost air carrier Vietjet has released its 2023 business results, noting that its separate and consolidated revenue surged 62 and 56 percent, respectively, over 2022.

The airline earned VND53.6 trillion (US$2.2 billion) in separate revenue and VND62.5 trillion ($2.6 billion) in consolidated revenue last year.

Its separate and consolidated after-tax profits reached VND697 billion ($28.6 million) and VND344 billion ($14.2 million), respectively.

As of December 31, 2023, Vietjet’s assets totaled VND84.6 trillion ($3.5 billion), up nearly 25 percent over the beginning of the year.

The firm’s debt-to-equity ratio stayed at two, well below the global aviation industry range of three to five.

In 2023, Vietjet contributed some VND5.2 trillion ($213.1 million) to the state budget through taxes and fees.

The air carrier operated 133,000 flights, carrying 25.3 million passengers, including over 7.6 million international customers, surging 183 percent against 2022.

It opened an additional 33 air routes last year, raising its air routes to 125 with 80 international and 45 domestic routes.

Its flights had an average occupancy rate of 87 percent and a technical reliability rate of 99.72 percent.

Vietjet also transported 81,500 metric tons of cargo last year, skyrocketing 73 percent year on year.

In order to meet demand, the air carrier has invested in its fleet of new-generation aircraft. As of the end of last year, it had 105 planes.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Thanh Ha - Khanh My / Tuoi Tre News


Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news