Mumbai : Vietjet has announced impressive business results for Q2-2025, surpassing expectations and achieving significant milestones. Key highlights from the quarter include substantial aircraft orders, an expansion of ground self-service operations, and a successful bid for a crucial development project at Long Thanh International Airport, which is set to become Vietnam’s new major aviation hub.
For Indian travelers and industry analysts, Vietjet’s ongoing growth and expanding international presence coincide with the rising demand for affordable and well-connected air travel throughout the Asia-Pacific region. The airline has once again been honored by AirlineRatings as the “World’s Best Ultra Low-Cost Carrier” and is also ranked among the safest airlines in the world.
Q2 2025 Revenue Highlights
- Aviation revenue soared to VND 17.681 trillion (approximately US$ 673.9 million), yielding a pre-tax profit of VND 775 billion (about US$ 29.57 million), marking a significant 52.3% increase year-on-year (YoY).
- Total consolidated revenue reached VND 17.885 trillion (around US$ 682.29 million), with pre-tax profit rising to VND 815 billion (approximately US$ 31.09 million), indicating an impressive 151.5% YoY growth.
With ten direct routes linking Delhi, Mumbai, Ahmedabad, Kochi, Bengaluru, and Hyderabad to prominent Vietnamese destinations such as Hanoi, Ho Chi Minh City, and Da Nang, Vietjet is strategically positioned for ongoing growth and sustainable development in the latter half of 2025.
Half-Year Financial Highlights
- Vietjet demonstrated impressive performance in the first half of 2025, achieving 78% and 75% of its separate and consolidated pre-tax profit targets for the full year, respectively.
- Aviation revenue reached VND 35.6 trillion (approximately US$1.35 billion), with a pre-tax profit of nearly VND 1.6 trillion (around US$61.04 million), marking a 37% year-on-year increase.
- Consolidated revenue climbed to VND 35.8 trillion (about US$1.36 billion), with pre-tax profit surpassing VND 1.6 trillion (approximately US$61.04 million), reflecting a substantial 65% year-on-year growth.
- Total assets exceeded VND 112.33 trillion (roughly US$4.28 billion). The airline maintained a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, indicating robust financial health.
- Cash reserves, bank deposits, cash equivalents, and short-term investments surpassed VND 9.001 trillion (around US$343.15 million), bolstered by working capital credit lines that ensured sufficient liquidity.
Half-Year Operational Highlights
- By the conclusion of Q2 2025, the Vietjet group had successfully operated a total of 189 routes, with 154 routes managed by Vietjet and 35 by Vietjet Thailand.
- Vietjet, inclusive of Vietjet Thailand, carried 17.7 million passengers across 99,202 flights.
- The total volume of cargo transported approached nearly 65,200 tons.
- The airline achieved an impressive technical reliability rate of 99.53%.
Strategic Expansion : In Q2 of 2025, Vietjet reached a significant milestone in its strategy to broaden its international network. In March, the airline launched two new routes connecting Bengaluru and Hyderabad to Ho Chi Minh City, which is Vietnam’s largest city, enhancing its operations in India.
Vietjet also introduced new services to China, Japan, and Singapore, responding to the increasing demand for travel and trade. Furthermore, the airline commenced direct flights from Nha Trang, Vietnam’s beach paradise, to three major Russian cities: Vladivostok, Khabarovsk, and Blagoveshchensk.
Investment in a Modern Fleet : In addition to its impressive performance, Vietjet made strides in fleet development with significant aircraft investments. During French President Emmanuel Macron’s visit to Vietnam, the airline placed an order for 20 additional A330neo widebody aircraft from Airbus, increasing its total to 40—making it the largest A330neo order worldwide.
At the 2025 Paris Air Show, Vietjet secured the largest deal at the event with an order for 100 A321neo aircraft, along with 50 purchase options, positioning it among the world’s top 10 airlines by order volume.
Ground Self-Service Expansion and Long Thanh Project Win : Vietjet has expanded its in-house ground handling operations to major airports in Vietnam, improving service quality, operational efficiency, and the overall passenger experience. The airline also obtained government approval for its successful bid to invest in and construct Aircraft Maintenance Facilities No.3 and No.4 at Long Thanh International Airport, which are vital components of the national maintenance hub for the airport’s first phase.