Vietjet flies high in Q2 2025: Profit soars, fleet expands with record aircraft orders

    Vietjet has reported robust business results for Q2 2025, exceeding expectations and marking significant milestones. Highlights of the quarter include major aircraft orders, expansion of ground self-service operations, and a successful bid for a key development project at Long Thanh International Airport, which is poised to be Vietnam’s new major aviation hub.

    For Indian travellers and industry observers, Vietjet’s sustained growth and increasing international footprint come at a time when demand for affordable, well-connected air travel continues to surge across the Asia-Pacific region. It has been once again recognised by AirlineRatings as ‘World’s Best Ultra Low-Cost Carrier,’ while also being ranked among the safest airlines globally.

    Q2 2025 revenue highlights

    • Aviation revenue reached VND17.681 trillion (approx. US$673.9 million), with pre-tax profit of VND775 billion (approx. US$29.57 million), reflecting a 52.3% year-on-year (YoY) increase.
    • Total consolidated revenue reached VND17.885 trillion (approx. US$682.29 million), with pre-tax profit climbing to VND815 billion (approx. US$31.09 million), representing a YoY growth of 151.5%.

    With 10 direct routes connecting Delhi, Mumbai, Ahmedabad, Kochi, Bengaluru, and Hyderabad to top Vietnamese destinations, including Hanoi, Ho Chi Minh City, and Da Nang, Vietjet is well positioned for continued growth and sustainable development in the second half of 2025.

    Half year financial highlights

    • Vietjet posted strong performance in the first half of 2025, achieving 78% and 75% of its full-year separate and consolidated pre-tax profit targets, respectively.
    • Aviation revenue reached VND35.6 trillion (approx. US$1.35 billion), with pre-tax profit of nearly VND1.6 trillion (approx. US$61.04 million), representing a 37% YoY increase.
    • Consolidated revenue reached VND35.8 trillion (approx. US$1.36 billion), with pre-tax profit exceeding VND1.6 trillion (approx. US$61.04 million), experiencing a 65% YoY growth.
    • Total assets exceeded VND112.33 trillion (approx. US$4.28 billion). The airline maintained a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, signalling strong financial health.
    • Cash reserves, bank deposits, cash equivalents and short-term investments surpassed VND9.001 trillion (approx. US$343.15 million), supported by working capital credit lines that ensured adequate liquidity.

    Half year operation highlights:

    • By the end of Q2 2025, the Vietjet group operated a total of 189 routes (154 routes operated by Vietjet and 35 by Vietjet Thailand).
    • Vietjet, including Vietjet Thailand, transported 17.7 million passengers on 99,202 flights.
    • Total cargo volume transported reached nearly 65,200 tons.
    • The airline maintained a technical reliability rate of 99.53%.

    Strategic expansion

    Q2 2025 marked a new milestone in Vietjet’s strategy to expand its international network. In March, the airline launched two new routes connecting Bengaluru and Hyderabad to Ho Chi Minh City, Vietnam’s largest metropolis, boosting its India operation.

    Vietjet also introduced new services to China, Japan, and Singapore, addressing the growing demand for travel and trade. In addition, the airline kicked off direct flights from Nha Trang, Vietnam’s beach paradise, to three major cities in Russia: Vladivostok, Khabarovsk, and Blagoveshchensk.

    Investment in modern fleet

    In addition to its strong performance, Vietjet advanced its fleet development with major aircraft investments. During French President Emmanuel Macron’s visit to Vietnam, the airline ordered 20 additional A330neo widebodies from Airbus, raising its total to 40, the largest A330neo order globally.

    At the 2025 Paris Air Show, Vietjet also signed the show’s largest deal with an order for 100 A321neo aircraft and 50 purchase options, ranking it among the world’s top 10 airlines by order volume.

    Ground self-service expansion, Long Thanh project win

    Vietjet has extended its in-house ground handling operation to major Vietnamese airports, enhancing service quality, operational efficiency, and passenger experience. The airline also secured government approval for its winning bid to invest in and build Aircraft Maintenance Facilities No.3 and No.4 at Long Thanh International Airport—key components of a national maintenance hub for the airport’s first phase.