Profit increased compared to the same period
According to the business results report for the first quarter of 2025, Vietjet recorded aviation revenue of VND17,920 billion with pre-tax profit of VND820 billion, up 25% over the same period in 2024.
As a result of consolidated business results, Vietjet achieved revenue of VND 17,952 billion and VND 836 billion in pre-tax profit, up 24% over the same period in 2024.
Supporting revenue reached more than VND 6,223 billion, continuing to contribute significantly to total revenue with a rate of more than 35%.
In the first 3 months of 2025, Vietjet transported more than 6.87 million passengers, over nearly 38,700 flights, up more than 9% and 12% respectively over the same period in 2024. The airline operates a total of 137 routes, including 40 domestic routes and 97 international routes.
Continuing to receive 2 new aircraft in the first quarter, Vietjet's total fleet has increased to 106 aircraft, with the youngest aircraft in the region. The airline's flights achieve a high average seat utilization rate of 87% and technical reliability of 99.72%.
In the first 3 months of 2025, the airline has launched 4 routes connecting Hanoi, Ho Chi Minh City with Beijing, Guangzhou (China), and 2 routes connecting Ho Chi Minh City with Bengaluru and Hyderabad (India), further connecting with two potential billion-people markets, bringing great opportunities for tourism, trade and investment with Vietnam.
In addition, the airline also announced 2 direct flights Phu Quoc - Singapore, Ho Chi Minh City - Auckland (New Zealand), expected to open this year.
As of March 31, 2025, Vietjet's total assets reached VND 98.766 trillion, the debt/equity ratio was 2.12 times and the liquidity ratio was 1.5 times, at a safe level in the aviation industry.
Vietjet contributed more than VND 2,052 billion in direct and indirect taxes and fees in the first quarter.
Cooperate with many major partners around the world
In early 2002, Vietjet marked an important milestone in its development journey with the implementation of the first flight from Vietnam to the United States. During the trip, cooperation worth about 14 billion USD between Vietjet and strategic partners in the US was discussed in a positive spirit, following Vietjet's other strategic agreements with leading corporations such as Boeing, GE, CFM, Pratt & Whitney, Honeywell... with a total value of nearly 50 billion USD.
Vietjet has deployed fuel-efficient technology solutions and artificial intelligence for the aviation industry. This is a new practical step in the company's development strategy towards the goals of emission reduction, green transformation and sustainable ESG development. The CFM LEAP engine reduces fuel consumption and CO2 emissions by 15% to 20% compared to previous-generation engines.
In addition, Vietjet has also signed a $300 million aircraft purchase sponsorship agreement with Carlyle Aviation Partners.
The airline has conducted two flights to transport the Vietnamese working group and more than 60 tons of goods to Myanmar to serve relief and rescue work after the earthquake that caused damage in Myanmar.
Vietjet also joined a bank to support 500 houses in the temporary house removal program for poor households.
With good results in production and business, the company's Vietjet Sky Joyalty Program won the "Best Use of Digital Technology" award at the 2025 Asia Pacific Loyalty Awards, held in Melbourne, Australia.
In the first quarter, the company was also honored with three international human resources awards, including Dream company to work for, Best corporate social responsibility practices and Global Best Employer brand.
Vietjet continues to be honored by AirlineRatings, a prestigious unit specializing in international aviation service and safety assessment, as "World's Best Ultra Low Cost Carrier 2025" and ranked among the world's safest airlines in 2025.
The first quarter business results are the first step for Vietjet to complete and exceed the 2025 plan during the period of growth in the aviation industry globally.
