Vietjet Reports 19% Revenue Growth and 564% Profit Surge in 9M 2024

Vietnam’s low-cost carrier Vietjet Aviation announced impressive financial results for the first nine months of 2024, reflecting a strong recovery and growth trajectory. Consolidated revenue reached $2.05 billion, marking a 19% increase from the same period last year, driven by robust passenger demand across domestic and international routes. Consolidated after-tax profit surged by 564%, totaling $55.3 million—a remarkable achievement for Vietjet as it continues to expand in Southeast Asia’s competitive aviation market. The airline’s cash and cash equivalents totaled over $157.7 million, providing a strong foundation for operational resilience and future expansion.