Vietjet’s ‘strong performance’ positions it for growth

Vietjet Aviation held its 2025 Annual General Meeting (AGM) on May 30, outlining its strategic priorities for sustained growth, including continued flight network expansion, long-term fleet investments, and further digital innovation. The meeting highlighted Vietjet’s performance in 2024, driven by an expanded international route network and increasing passenger demand. The airline safely operated 137,500 flights, carrying over 25.9 million passengers (excluding Vietjet Thailand), including more than 9 million international travelers—a year-on-year growth of 18%. Vietjet launched 20 new routes in 2024, expanding its total network to 145 routes, including 101 international and 44 domestic services. Notably, Vietjet became the first airline to directly connect Vietnam with all five of Australia’s largest cities, and continues to lead the connectivity between Vietnam and India, China, South Korea, and Japan, operating the highest number of routes among carriers. According to audited financial statements, Vietjet posted consolidated revenue in 2024 exceeding VND72.045 trillion (approx. US$2.77 billion), with pre-tax profit reaching over VND1.823 trillion (approx. US$70.17 million). Parent company revenue was VND71.734 trillion (approx. US$2.76 billion) with pre-tax profit of VND1.748 trillion (approx. US$67.27 million). By year-end 2024, total assets stood at nearly VND99.3 trillion (approx. US$3.82 billion), while key financial ratios – a debt-to-equity ratio of 2.03 and a liquidity ratio of 1.58 – remain strong by industry standards. Entering 2025, Vietjet marked a milestone in its journey by operating its first flight from Vietnam to the United States. To support its growth ambitions, Vietjet also announced a long-term agreement with Airbus in May 2025 to purchase 20 additional A330neo wide-body aircraft, increasing its total order of the type to 40. At the AGM, Vietjet Chairwoman Dr. Nguyen Thi Phuong Thao reaffirmed the airline’s commitment to becoming a key global aviation player: “Vietjet is not just a pioneering airline but a modern, flexible multinational carrier with a mission to deeply integrate into the global economy. We continue to expand our international flight network, opening up new corridors for trade, tourism, and investment. Vietjet remains committed to bridging Vietnam with the world—connecting economies, cultures, and communities—while making air travel more accessible for millions through safe, budget-friendly, quality service and continuous innovation.” To cater to evolving passenger needs, Vietjet has expanded its service portfolio, including Business Class for wide-body flights, in-flight duty-free shopping, travel insurance, and currency exchange. The airline also leads in digital transformation across its operations. Vietjet was the first carrier in Vietnam to adopt biometric check-in via the VNeID app at major airports, enhancing convenience and efficiency for travelers. In line with its long-term development goals, Vietjet continues to invest in airport ground services, technical infrastructure, and human capital. The airline now operates ground services at Vietnam’s two busiest airports—Tan Son Nhat and Noi Bai—and is developing aircraft maintenance facilities to support its growing fleet. Vietjet also invests in aircraft maintenance facilities (hangars) to ensure proactive maintenance for its modern fleet, including both wide-body and narrow-body aircraft. Vietjet adds direct Phu Quoc – Singapore route Vietjet has launched its newest international route connecting Phu Quoc, Vietnam’s premier beach destination, with Singapore, one of the Asia-Pacific’s leading travel and business hubs. The airline has also resumed two domestic routes—Da Nang – Nha Trang and Hanoi – Tuy Hoa from June 1, catering to the rising travel demand during the summer season to some of Vietnam’s most popular beach destinations. These latest addition underscore Vietjet’s strategic expansion across Vietnam and Asia-Pacific, enhancing air connectivity between Vietnam and the region. The new service, commenced on May 30, offers four-return flights weekly between Phu Quoc and Singapore. With a flight time under two hours each way, Vietjet’s new route provides global travellers seamless, convenient access between two of Asia’s most dynamic destinations. With this launch, the airline now operates 78 flights per week between Vietnam and Singapore, spanning four routes that links Phu Quoc, Ho Chi Minh City, Hanoi, and Da Nang to Singapore. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]