Vietjet says profit up in Q1

Vietjet reported a 24% year-over-year increase in consolidated profit for Q1/2025, driven by strong international expansion and regional connectivity. According to the Q1/2025 financial statements, Vietjet reported air revenue of VND17.92 trillion (approx. US$690 million), with a pre-tax profit of VND820 billion (approx. US$31.5 million), marking a 25% increase YoY. Consolidated revenue totalled VND17.952 trillion (approx. US$690 million) while pre-tax profit was of VND836 billion (approx. US$32.1 million), up 24% YoY. Ancillary revenue reached over VND6.223 trillion (approx. US$239.1 million) in Q1/2025, accounting for more than 35% of Vietjet’s total revenue. In the first three months of 2025, Vietjet transported more than 6.87 million passengers across nearly 38,700 flights, witnessing a growth of over 9% and 12% YoY, respectively. The airline operated a total of 137 routes, including 40 domestic and 97 international routes. In Q1/2025, Vietjet added two new aircraft, expanding its fleet to 106—among the youngest in the region. The airline reported strong operational metrics with a seat load factor of 87% and a technical reliability rate of 99.72% . Vietjet also launched four new international routes linking Vietnam’s Hanoi and Ho Chi Minh City with major cities in China (Beijing, Guangzhou)  and India (Bengaluru, Hyderabad), enhancing connectivity and growth opportunities in key Asian markets. The airline also announced two direct routes: Phu Quoc – Singapore and Ho Chi Minh City – Auckland (New Zealand), which were expected to launch later this year. As of March 31, 2025, Vietjet’s total assets reached VND98.766 trillion (approx. US$3.79 billion), with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.5, maintaining a safe level within the aviation industry. Vietjet began 2025 with its first-ever flight to the U.S., leading to strategic partnership discussions with key US partners worth US$14 billion. Combined with existing deals with its longstanding partners such as Boeing, GE, Pratt & Whitney, and others, Vietjet’s total cooperation value now approaches US$50 billion. The airline also signed a US$300 million aircraft financing agreement with Carlyle Aviation Partners. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]