Vietjet Aviation Joint Stock Company released a sterling quarterly report for the period that ended 30th June.
The quarterly report revealed robust business results, exceeding expectations and marking significant milestones.
Highlights of the quarter include major aircraft orders, expansion of ground self-service operations, and a successful bid for a key development project at Long Thanh International Airport, which is poised to be Vietnam’s new major aviation hub.
Exceeding expectations in revenue
Per the report, Vietjet recorded aviation revenue of around US$673.9 million and a pre-tax profit of US$29.57 million, reflecting a 52.3 percent YoY increase.
Total consolidated revenue reached US$682.29 million, with pre-tax profit climbing to US$31.09 million, representing a remarkable YoY growth of 151.5 percent.
Ancillary revenue contributed over US$262.98 million, significantly boosting overall revenue.
For the first half of 2025, Vietjet reported aviation revenue of US$1.35 billion and a pre-tax profit of nearly US$61.04 million, up 37 percent YoY.
Consolidated revenue reached US$1.36 billion, with pre-tax profit exceeding US$61.04 million, marking a 65 percent YoY increase .
Likewise, Vietjet Thailand recorded revenue of over US$223 million in the first half of the year.
At the end of the quarter, the airline operated a total of 189 routes, including 154 routes operated by Vietjet and 35 routes by Vietjet Thailand.
In the first six months of 2025, Vietjet, including Vietjet Thailand, transported 17.7 million passengers on 99,202 flights.
The total cargo volume transported reached nearly 65,200 tonnes in the first six months of this year.
Current asset report
As of 30th June, Vietjet's total assets exceeded US$4.28 billion).
The airline maintained a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, signaling strong financial health cash reserves, bank deposits, cash equivalents and short-term investments surpassed US$343.15 million, supported by working capital credit lines that ensured adequate liquidity.
The airline also maintained a technical reliability rate of 99.53 percent and was recognised yet again by AirlineRatings as the World’s Best Ultra Low-Cost Carrier, whilst also being ranked among the safest airlines globally.
Expansion update
The second quarter of the year saw a new milestone in Vietjet's strategy to expand its international network.
The airline launched direct flights from Nha Trang to three major cities in Russia: Vladivostok, Khabarovsk, and Blagoveshchensk.
In China, the airline introduced new services linking Hanoi and Ho Chi Minh City with Beijing, Guangzhou, and Shanghai, addressing the growing demand for travel and trade.
Vietjet also expanded its footprint in India, Japan, Singapore and increased domestic flight frequencies in selected airports.
In addition to its strong performance, Vietjet advanced its fleet development with major aircraft investments.
During French President Emmanuel Macron’s visit to Vietnam, the airline ordered 20 additional A330neo widebodies from Airbus, raising its total to 40, the largest A330neo order globally.
At the 2025 Paris Air Show, Vietjet also signed the show’s largest deal with an order for 100 A321neo aircraft and 50 purchase options, ranking it among the world’s top 10 airlines by order volume.
Winning Long Thanh and more
Vietjet also extended its in-house ground handling operation to major Vietnamese airports, enhancing service quality, operational efficiency, and passenger experience.
The airline also secured government approval for its winning bid to invest in and build Aircraft Maintenance Facilities No.3 and No.4 at Long Thanh International Airport - key components of a national maintenance hub for the airport’s first phase.
In summary, Vietjet posted strong performance in H1-2025, achieving 78 percent and 75 percent of its full-year separate and consolidated pre-tax profit targets, respectively.
These strategic milestones strengthen Vietjet’s internal capabilities and position the airline for continued growth and sustainable development in the second half of 2025.
