Vietjet 25% dividend payout in 2024 approved, expects 10% increase in revenue

Vietjet’s general meeting of shareholders (GMS) 2024 has approved the airline’s 2024 profit distribution plan, agreeing to dividends and advanced dividends to be paid out in cash and stock at a maximum ratio of 25%. It also expects revenue for the full year to increase between 10-12.4% YoY to between approximately $2.23bn and $2.57bn. Furthermore, it expects to reach 142,000 flights with 27.4 million passengers for the year ahead. The expansion of its domestic and international network, with new destinations across Asia, as well as Australia and Europe, are anticipated to bolster its growth.