Remarkable profit growth

According to the Q1/2025 financial statements, Vietjet reported air revenue of VND17.92 trillion (approx. US$690 million), with a pre-tax profit of VND820 billion (US$31.5 million), marking a 25% increase YoY.

Consolidated revenue totaled VND17.952 trillion (US$690 million) while pre-tax profit was VND836 billion (US$32.1 million), up 24% YoY.

Ancillary revenue reached over VND6.223 trillion (US$239.1 million) 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 VND98.766 trillion (US$3.79 billion), 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 US, leading to strategic partnership discussions with key US partners worth US$14 billion. Combined with existing deals with its longstanding partners such as Boeing, GE, Pratt & Whitney, and others, Vietjet’s total cooperation value now approaches US$50 billion. The airline also signed a US$300 million 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.

Vietjet, AV AirFinance ink US$300 million agreement to boost fleet growth

Vietnam’s new-age carrier Vietjet Air and AV AirFinance have signed a financial agreement worth US$300 million, bringing the total trade ties between the airline and the US to US$64 billion.