Vietjet outperforms targets, wins Long Thanh project bid

According to its Q2 financial report released on July 31, Vietjet recorded aviation revenue of VND17.68 trillion (approximately $674.46 million), with pre-tax profit reaching VND775 billion (approximately $29.57 million), an increase of 52.3 per cent on-year.

Vietjet achieved total consolidated revenue of VND17.89 trillion (approximately $682.29 million) and a pre-tax profit of VND815 billion (approximately $31.09 million), representing a remarkable increase of 151.5 per cent on-year. Ancillary revenue contributed over VND6.89 trillion (approximately $262.98 million), significantly boosting overall revenue.

For the first half of 2025, Vietjet reported aviation revenue of VND35.6 trillion (approximately $1.35 billion) and a pre-tax profit of nearly VND1.6 trillion (approximately $61.04 million), up 37 per cent on-year. Consolidated revenue reached VND35.8 trillion (approximately $1.36 billion), with pre-tax profit exceeding VND1.6 trillion (approximately $61.04 million), a 65 per cent increase on-year.

By the end of Q2, Vietjet operated a total of 154 routes (109 international and 45 domestic), completing nearly 41,000 flights and transporting 7.5 million passengers. The total freight volume transported during the quarter approached 29,000 tons.

As of June 30, Vietjet's total assets amounted to over VND112.33 trillion (approximately $4.28 billion), with a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, indicating strong financial health in the aviation sector. Cash reserves, bank deposits, cash equivalents, and short-term investments exceeded VND9 trillion (approximately $343.48 million), coupled with working capital limits, ensuring the company's liquidity.

The carrier paid over VND4.53 trillion (approximately $172.74 million) in direct and indirect taxes and fees in the first half of 2025.

The airline boasted a technical reliability rate of 99.53 per cent and has been recognised by AirlineRatings as the "Worlds’ Best Ultra Low-Cost Carrier", ranking among the safest airlines globally.

Q2 marked a new milestone in Vietjet's strategy to expand its international network, launching direct flights from Nha Trang to three major cities in Russia: Vladivostok, Khabarovsk, and Blagoveshchensk.

In China, the airline inaugurated services connecting Hanoi and Ho Chi Minh City with Beijing, Guangzhou, and Shanghai, addressing the growing demand for travel and trade. Vietjet also expanded routes to India and Japan and increased domestic flight frequencies to Danang, Nha Trang, and Tuy Hoa.

In tandem with these positive financial and operational results, Vietjet continued to invest in and develop a modern aircraft fleet.

The airline ordered an additional 20 wide-body A330neo aircraft from Airbus during French President Macron's visit to Vietnam, bringing its total A330neo orders to 40, making Vietjet the airline with the largest A330neo orders.

At the 2025 Paris Air Show, Vietjet placed a new order for 100 aircraft and 50 options for new Airbus A321neo aircraft. This represented the largest aircraft order at the Paris Air Show 2025, positioning Vietjet among the top 10 airlines globally with the largest orders.

Additionally, the carrier is taking charge of ground services at the country's largest airports, enhancing service quality control, optimising operational efficiency, and providing an enjoyable experience for passengers.

The Ministry of Construction has approved Vietjet's winning bid for the investment and construction of aircraft maintenance services at Long Thanh Airport. These projects are part of a comprehensive aircraft maintenance complex serving domestic airlines, ensuring national interests and meeting operational requirements for Long Thanh International Airport's first phase.

Vietjet continued to assert its position as a new-generation airline with positive business results in H1, achieving separate and consolidated pre-tax profits of 78 per cent and 75 per cent of its annual plan, respectively.

These strategic moves reinforced Vietjet's internal capabilities and also laid a solid foundation for strong growth in the latter half of 2025, aiming at sustainable development and flying higher on the global aviation map.

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