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Vietjet reports strong growth in international flights and financial performance in 2023 audit report

written by Newsdesk | April 3, 2024

Vietjet reports strong growth in international flights and financial performance in 2023 audit report

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited financial statements for 2023, highlighting a remarkable year of growth and success, particularly in its international flight operations.

The airline’s audited separate air transport revenue and consolidated revenue were reported at VND53.7 trillion (approx. US$2.16 billion) and VND58.3 trillion (approx. US$2.35 billion), respectively, marking a 62% and 45% year-on-year increase. Vietjet also recorded a turnaround of pre-tax air transport profit and consolidated profit at VND471 billion (approx. US$18.98 million) and VND606 billion (approx. US$24.42 million).

Ancillary and cargo revenue reached nearly VND21 trillion (approx. US$846.6 million), representing a growth of over 60% year-on-year and accounting for 39% of the total air transport revenue.

In 2023, Vietjet focused on expanding its international routes while maintaining and growing its domestic network. The airline operated 133,000 flights, serving 25.3 million passengers, a remarkable 183% increase year-on-year, with over 7.6 million passengers travelling internationally.

Vietjet launched 33 new domestic and international routes, bringing the total number of routes to 125, including 80 international and 45 domestic routes. The airline has become the largest operator of flights connecting Vietnam to India and Australia, with a total of seven Vietnam-Australia routes following the inauguration of a direct route between Hanoi and Sydney in early 2024.

The airline remains committed to sustainable development, optimising resources, saving fuel, and reducing CO2 emissions with its modern fleet of 105 aircraft, including wide-body A330s. Since embarking on its journey to reduce carbon emissions over 10 years ago, Vietjet’s fleet has grown significantly, contributing to the company’s success by optimising resources, saving up to 15-20% of fuel, and focusing on environmental protection and sustainable development.


Safety remains Vietjet’s top priority, with the airline conducting numerous conferences, safety training sessions, and emergency response simulations to ensure security and absolute safety for flight operations proactively. Vietjet was again honoured as one of the safest low-cost airlines in the world by Airline Ratings.

Vietjet’s 2023 audit report reflects a year of robust growth and expansion, as well as a commitment to sustainability and safety. With an ever-expanding international network and a focus on innovation and efficiency, Vietjet remains dedicated to meeting the evolving needs of its passengers while contributing to the growth of the aviation industry.

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