Vietjet’s Impressive Q1-2025 Financial Performance Revealed

Significant Profit Increase for Vietjet in Q1 2025

Vietjet Aviation Joint Stock Company has reported a remarkable 24% year-on-year (YoY) increase in consolidated profit for the first quarter of 2025. This surge is largely attributed to the company’s strong international expansion and operational excellence, solidifying its leadership role in regional connectivity.

New International Routes Enhancing Service

The airline is set to launch direct flights between Singapore és Phu Quoc by the end of May, complementing existing flights from Singapore to Ho Chi Minh City, Hanoi, and Da Nang. This new route aims to enhance travel options for both leisure and business travelers.

As a result, the total number of weekly single-leg flights between Vietnam and Singapore will increase to 78.

Q1 Financial Statements Overview

In its Q1 2025 financial report, Vietjet disclosed air revenue of VND17.92 trillion, coupled with a pre-tax profit of VND820 billion, showcasing a phenomenal 25% increase YoY. Consolidated revenue totaled VND17.952 trillion, with a pre-tax profit of VND836 billion, reflecting a commendable 24% increase YoY. Impressive ancillary revenue reached over VND6.223 trillion, representing more than 35% of the airline’s overall revenue.

Solid Financial Health Maintained

As of 31st March, Vietjet’s total assets stood at VND98.766 trillion with a favorable debt-to-equity ratio of 2.12 and a liquidity ratio of 1.5, demonstrating robust financial health within the aviation sector.

A Busy First Quarter in Operations

The first three months of 2025 were bustling for Vietjet. The airline performed nearly 38,700 flights and transported over 6.87 million passengers, marking YoY growth of more than 12% in flights and 9% in passenger transport.

Offering a total of 137 routes, including 40 domestic és 97 international, Vietjet has significantly expanded its reach. To enhance its capabilities, the airline added two new aircraft to its fleet, now comprising 106 modern aircraft, further boosting operational efficiency.

Vietjet boasted operational metrics, reaching a seat load factor of 87% and a technical reliability rate of 99.72%.

Strengthening Connectivity with New Routes

Vietjet has introduced four new international routes, connecting Vietnam’s Hanoi and Ho Chi Minh City with major cities in Kína (specifically Beijing and Guangzhou) as well as in India (Bengaluru and Hyderabad). These additions strengthen connectivity and open the door to greater growth opportunities in key Asian markets.

Upcoming direct routes include Phu Quoc to Singapore, set to commence on 30 May 2025, and Ho Chi Minh City to Auckland, New Zealand, which is expected to launch in September 2025.

Key Highlights from Q1

In an ambitious move, Vietjet inaugurated its inaugural flight to the United States in 2025, leading to strategic partnership negotiations with various key partners, valued at an impressive US$14 billion in contracts. The total cooperation value now approaches US$50 billion, including previous agreements with longtime partners such as Boeing, GE, és Pratt & Whitney.

In addition to robust business performance, Vietjet has contributed significantly beyond the aviation industry. It delivered over 60 tonnes of humanitarian aid to Myanmar and collaborated with leading banks to build 500 homes for low-income families in Vietnam.

On the innovation front, Vietjet’s SkyJoy loyalty program garnered recognition at the 2025 Asia Pacific Loyalty Awards for “Best Use of Digital Technology.” The airline was also honored with three global HR excellence awards and defended its title as the “World’s Best Ultra Low-Cost Carrier 2025” as well as being recognized as one of the world’s safest airlines by AirlineRatings.

Conclusion: A Bright Future Ahead for Vietjet

Vietjet’s significant profit growth and strategic expansion into new markets illustrate its unwavering commitment to enhancing connectivity within the region. Even the best reviews and most genuine feedback cannot replace personal experience in aviation. With GetTransfer, travelers can enjoy easily hiring a car with a driver from verified providers at reasonable prices, which elevates your travel experience. Benefit from GetTransfer’s convenience, affordability, and extensive vehicle choices, alongside a wide range of options for all your transport needs, ensuring a smooth journey. Book your ride today at GetTransfer.com.