HCM City (VNA) – Vietjet Aviation JSC (HOSE: VJC) reported a 24% year-over-year increase in consolidated profit for Q1/2025, driven by strong international expansion and operational excellence, reinforcing its leadership in regional connectivity.
Remarkable profit growth
According to the Q1/2025 financial statements, Vietjet reported air revenue of 17.92 trillion VND (approx. 690 million USD), with a pre-tax profit of 820 billion VND (31.5 million USD), marking a 25% increase YoY.
Consolidated revenue totaled 17.952 trillion VND (690 million USD) while pre-tax profit was 836 billion USD (32.1 million USD), up 24% YoY.
Ancillary revenue reached over 6.223 trillion VND (239.1 million USD) 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.
In Q1/2025, the airline added two new aircraft, expanding its fleet to 106—among the youngest in the region. It 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 are expected to launch later this year.
As of March 31, 2025, Vietjet's total assets reached 98.766 trillion VND (3.79 billion USD), with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.5, maintaining a safe level within the aviation industry.
Collaborations with major global partners
Vietjet began 2025 with its first-ever flight to the U.S., leading to strategic partnership discussions with key US partners worth 14 billion USD. Combined with existing deals with its longstanding partners such as Boeing, GE, Pratt & Whitney, and others, Vietjet’s total cooperation value now approaches 50 billion USD. The airline also signed a 300 million USD aircraft financing agreement with Carlyle Aviation Partners.
On the humanitarian front, Vietjet delivered over 60 tonnes of aid to Myanmar and partnered with a bank to build 500 houses for low-income families in Vietnam.
Recognized for excellence, Vietjet’s SkyJoy loyalty program won “Best Use of Digital Technology” at the 2025 Asia Pacific Loyalty Awards, while the airline also received three global HR honors. AirlineRatings named Vietjet as “World’s Best Ultra Low Cost Carrier in 2025” and ranked it among the world’s safest airlines.
These achievements position Vietjet to exceed its ambitious 2025 targets amid strong global aviation growth.
Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others./.
