In Q4 2024, Vietjet's aviation revenue reached VND 19.776 trillion (approx. SGD 1.061 billion), a 36% year-on-year (YoY) increase, while after-tax profit rose 247% to VND 167 billion (approx. SGD 8.97 million). For the entire year, Vietjet's aviation revenue reached...
To read the full article, please log in or enter your email below:
In Q4 2024, Vietjet's aviation revenue reached VND 19.776 trillion (approx. SGD 1.061 billion), a 36% year-on-year (YoY) increase, while after-tax profit rose 247% to VND 167 billion (approx. SGD 8.97 million).
For the entire year, Vietjet's aviation revenue reached VND 71.545 trillion (approx. SGD 3.835 billion), up 33% YoY, while after-tax profit surged 697% to VND 1.301 trillion (approx. SGD 69.78 million).
As of 31 December, 2024, Vietjet's total assets stood at nearly VND 99.5 trillion (approx. SGD 10.709 billion), with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.71, both within safe industry standards.
In 2024, the airline transported over 25.9 million passengers on 137,000 flights across 145 routes, including 44 domestic and 101 international. It led Vietnamese carriers in passenger volume and added 10 new aircraft, achieving an 87% load factor and a 99.72% technical reliability rate.
In Q4 2024, the carrier launched direct flights from Da Nang to Ahmedabad (India) and Ha Noi to Kuala Lumpur (Malaysia), while increasing frequencies to key destinations like South Korea and Japan.
Vietjet also signed a cooperation agreement with Emirates to boost connectivity between Vietnam, Dubai (UAE), and global destinations. New direct routes to Hyderabad and Bangalore (India), as well as Beijing and Guangzhou (China), will further strengthen ties with these high-potential markets.
Vietjet made history with its first-ever flight from Vietnam to the U.S., holding talks worth VND 352.465 trillion (approx. SGD 18.94 billion) with key U.S. partners. This builds on previous deals with Boeing, GE, CFM, Pratt & Whitney, and Honeywell, totalling nearly VND 1,258.953 trillion (approx. SGD 67.65 billion). The airline is also exploring partnerships with SpaceX and in-flight internet providers to enhance digital capabilities and customer experience.
In 2025, Vietjet is focused on expanding its international network.
Edge Group is showcasing its growing portfolio of battlefield disruptors at the ongoing show. The Group’s portfolio of advanced weapons…
Embraer of Brazil is seeking a greater foothold in the region and is promoting two of its important defence platforms…
The South African defence firm, Denel is eyeing a greater share of international defence markets, with its presence at the…
At the ongoing IDEX, Boeing is showcasing its offerings designed to support the defense modernization and mission readiness of its…
AMMROC, the UAE-based industry leader in aviation MRO services and integrated logistics support and Marshall, are working to develop a…
ADNEC Group has established the the first global platform that brings together leaders, experts, decision-makers, and companies to develop defence…
Embraer has officially begun the structural assembly of the first C-390 Millennium for Austria. An official ceremony was held at…
Türkiye’s defence major Aselsan is bringing artillery and mortar systems, smart munitions, ground-penetrating radar, and naval defence solutions to IDEX…
AMMROC, a provider of maintenance, repair, and overhaul (MRO) services in the region, will participate in IDEX 2025 to showcase…
Indra, which has formed a joint venture with EDGE, will showcase the AESA Nemus and Nemus-C radars, among with its…
HENSOLDT has secured a contract extension valued at approximately 350 million euros for the development of the Eurofighter Mk1 radar.…
SITA has introduced a new global messaging platform, SITA ATC Connect, designed to facilitate communication between airlines, airports, ground handlers,…
AirAsia has announced the return of its promotional seat sale, offering up to 15 million discounted seats across the airline's…
The T625 GÖKBEY Multirole Utility Helicopter, developed by Turkish Aerospace, has proven its capability to operate in extreme conditions after…
Saab will unveil its locally developed Coast Control Radar at the upcoming IDEX 2025. The system, designed to help safeguard…
The T-7 Advanced Trainer, AH-64 Apache, and CH-47 Chinook are among the defence and security capabilities and services that Boeing…
RT LTA Systems will present the Skystar family of tactical aerostat systems at the upcoming International Defence Exhibition and Conference…
The K9A1 Self-Propelled Howitzer fitted with a domestically-built 1,000-horsepower engine and the Long-Range Surface-to-Air (L-SAM) missile system are among the…
Rumors about Egypt's intention to purchase the Chinese made J-10 CE fighter aircraft, which surfaced last week, are being evaluated…
Japan’s Self-Defense Forces (JSDF) have placed an order for 17 CH-47JA Block II Chinook Extended Range helicopters to replace some…
Rosoboronexport, a subsidiary of Russia's Rostec State Corporation, will showcase a range of defence products at the IDEX 2025 International…
Camero-Tech (Camero), an Israeli company specialising in radar-based imaging systems, will showcase its XAVER series of through-wall imaging radar at…
Sentrycs has been awarded a multi-million-dollar contract to provide counter-unmanned aerial systems (C-UAS) for a national defence project in Latin…
Abu Dhabi-based XRANGE, a facility for training, testing, and evaluation (TT&E) in defence, aerospace, and commercial sectors, has expanded its…
Indra has launched the European SMAUG (Smart Maritime and Underwater Guardian) research and development project, aimed at enhancing security at…
The Business Aviation Asia Forum and Expo (BAAFEx) 2025, set to take place from 4–6 March at Singapore’s Changi Exhibition…
Bharat Forge Ltd. and Liebherr-Aerospace & Transportation SAS have announced a collaboration to set up a new aerospace manufacturing facility…
Indonesian state-owned aircraft manufacturer PT Dirgantara Indonesia (PTDI) has signed an agreement with Turkish defence technology firm Havelsan to jointly…
The Indonesian Ministry of Defence announced on Thursday (Feb. 13) that Indo Defence 2024 will take place from 11 to…
The Indian state-owned airframer Hindustan Aeronautics Limited (HAL) has committed to accelerate deliveries of the Tejas Mk-1A fighter jet, which…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.