HÀ NỘI — Carrier Vietjet will cooperate with OpenAirlines, a global leader in airline fuel efficiency solutions to leverage artificial intelligence (AI), continuing the airline’s journey of flight operations optimisation. 

This consensus followed a strategic partnership agreement inked between the two sides in Hà Nội on Thursday. 

Vietjet Vice President Nguyễn Đức Thịnh said the agreement with OpenAirlines represents a significant milestone in Vietjet’s sustainable development strategy.

"By leveraging advanced technologies, we can continuously innovate, optimise operations, reduce fuel consumption and CO2 emissions, and enhance passengers’ flight experiences at reasonable costs,” Thịnh said. 

He added that this collaboration also highlights Vietjet’s relentless efforts towards sustainability, while delivering long-term benefits to the global aviation industry.

Vietjet will be the first airline in Việt Nam to adopt SkyBreathe®, an innovative platform that leverages AI, big data algorithms and machine learning to analyse numerous flight data and optimise fuel use. The system collects and integrates information from multiple sources, including aircraft data and fuel reports, into a single platform.

According to OpenAirlines' analysis, SkyBreathe®'s easy-to-use interface and detailed analytics will empower Vietjet to make informed decisions, reduce its fuel consumption by 2 per cent, and lower CO2 emissions by over 96,000 tonnes per year.

"By harnessing the power of innovation and digitalisation, the airline is transforming its ambitious goal of net-zero emissions by 2050 into concrete actions that benefit not only itself but the entire aviation ecosystem, travellers and the planet,” said Alexandre Feray, CEO of OpenAirlines.

Highest business results in 2024

Vietjet achieved impressive business growth in 2024, expanding its international flight network and modern fleet, while driving record revenues and profit.

According to the financial results for Q4 2024, Vietjet recorded aviation revenues of over VNĐ19.77 trillion (US$784 million) and after-tax profit of VNĐ167 billion ($6.6 million), representing a 36 per cent and 247 per cent year-on-year growth, respectively.

For 2024, the airline's aviation revenue surpassed VNĐ71.54 trillion, with after-tax profit exceeding VNĐ1.3 trillion, increasing by 33 per cent and 697 per cent year-on-year, respectively.

In the final three months of 2024, Vietjet's consolidated revenue also saw a strong performance, totaling more than VNĐ19.79 trillion, while after-tax profit reached VNĐ21.4 billion, reflecting a year-on-year rise of 36 per cent and 8 per cent.

For the year, the airline recorded over VNĐ71.85 trillion in consolidated revenue, with after-tax profit surpassing VNĐ1.42 trillion, witnessing a rise of 23 per cent and 516 per cent year-on-year, respectively.

As of December 31, 2024, Vietjet's total assets amounted to nearly VNĐ99.5 trillion, with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.71, both considered within the safe zone for the aviation industry.

In 2024, Vietjet transported over 25.9 million passengers with 137,000 flights across 145 routes, including 44 domestic and 101 international routes. The airline has recorded the highest volume of passengers among Vietnamese carriers.

Vietjet also met its target of taking on ten new aircraft in 2024. Its expanding fleet operates with an average load factor of 87 per cent and a technical reliability rate of 99.72 per cent. — VNS