Vietjet Smashes Profit Targets

Vietjet Aviation Joint Stock Company (HOSE: VJC) has delivered a strong performance in Q2 2025, marking a standout first half of the year for the new-age carrier. The quarter was defined by major aircraft deals, expansion of ground self-service operations, and a successful bid for critical development works at Long Thanh International Airport—Vietnam’s next major aviation hub.

For Australian travellers and industry observers, Vietjet’s continued momentum and growing international presence come at a time when demand for affordable, well-connected air travel is booming across the Asia-Pacific region. The airline was once again recognised by AirlineRatings as the “World’s Best Ultra Low-Cost Carrier” and remains ranked among the safest airlines globally.

Q2 2025 Financial Highlights

• Vietjet reported aviation revenue of VND17.681 trillion (approx. AUD $1 billion) and pre-tax profit of VND775 billion (approx. AUD $45.6 million), representing a 52.3% year-on-year increase.

• Total consolidated revenue reached VND17.885 trillion (approx. AUD $1.06 billion), with pre-tax profit climbing to VND815 billion (approx. AUD $48.1 million) — a 151.5% YoY increase.

With six direct routes between Australia and Vietnam, Vietjet is well positioned to maintain its growth trajectory and sustainable development through the second half of 2025.

H1 2025 Financial Highlights

• Vietjet achieved 78% of its full-year separate pre-tax profit target and 75% of its consolidated pre-tax profit target.

• Aviation revenue hit VND35.6 trillion (approx. AUD $2.1 billion) with pre-tax profit nearing VND1.6 trillion (approx. AUD $94 million), reflecting a 37% YoY increase.

• Consolidated revenue reached VND35.8 trillion (approx. AUD $2.11 billion), and consolidated pre-tax profit surpassed VND1.6 trillion (approx. AUD $94 million), up 65% YoY.

• Total assets exceeded VND112.33 trillion (approx. AUD $6.6 billion), with a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, indicating strong financial stability.

• Cash reserves, bank deposits, cash equivalents, and short-term investments exceeded VND9.001 trillion (approx. AUD $529.6 million), supported by working capital credit lines ensuring robust liquidity.

H1 2025 Operational Highlights

• By the end of Q2, Vietjet operated 189 routes — 154 by Vietjet and 35 by Vietjet Thailand.

• Combined, Vietjet and Vietjet Thailand transported 17.7 million passengers across 99,202 flights.

• The airline maintained an exceptional technical reliability rate of 99.53%.

• Cargo volume reached nearly 65,200 tons.

Strategic Expansion

Q2 2025 marked a major step forward in Vietjet’s international network growth. The airline launched direct services from Nha Trang to three Russian cities and expanded operations in China, India, Japan, and Singapore, while also increasing domestic frequencies at selected airports.

Investment in a Modern Fleet

Vietjet continued strengthening its fleet. During French President Emmanuel Macron’s state visit to Vietnam, the airline ordered 20 more Airbus A330neo widebodies, raising its total order to 40—the largest global order for this aircraft type.

At the 2025 Paris Air Show, Vietjet placed the largest order of the event: 100 Airbus A321neo aircraft with 50 purchase options, positioning the airline among the top 10 carriers globally by aircraft order volume.

Ground Self-Service Expansion and Long Thanh Project Milestone

Vietjet expanded its in-house ground handling operations to major Vietnamese airports, significantly enhancing service quality, operational efficiency, and passenger experience.

Further cementing its long-term strategy, Vietjet secured government approval for its successful bid to invest in and construct Aircraft Maintenance Facilities No.3 and No.4 at Long Thanh International Airport. These facilities will form the backbone of the national maintenance hub for the airport’s first development phase.