Vietnam Airlines ( stock code HVN) said that the airline recorded impressive business results in the first quarter of 2025, with consolidated pre-tax profit estimated at nearly VND 3,625 billion. This result mainly comes from the explosion of the international tourist market, fuel prices decreased compared to the same period, along with the Company's flexible and effective management efforts.
International market regions all recorded positive growth, with the Indian market increasing the most by 26.6%, followed by the Middle East increasing by 25.8%, and Northeast Asia increasing by 13.6% thanks to China's recovery.
The quality of international visitors has also improved significantly, especially in high-income markets such as Japan, Australia and India. High-income visitors from Japan have recovered to nearly 90% compared to the same period in 2019, instead of 60% as the same period last year.
Vietnam Airlines said that the airline benefits from the average fuel price maintaining at about 91 USD/barrel in the first quarter of 2025, nearly 5% lower than the previous year's average and much lower than the forecast, thereby improving cost efficiency.
In addition to passenger transport, freight transport also recorded positive results, with revenue in the first three months of 2025 exceeding the plan by more than 220 billion VND, contributing significantly to profit growth.
In the context of Pratt & Whitney (PW) recalling the engine, Vietnam Airlines has proactively adjusted flight schedules to optimize Slot operations. The aircraft's performance increased by nearly 10% over the same period, significantly improving operational efficiency.
Vietnam Airlines also proactively maintains a stable domestic flight network, allocates flight schedules, optimizes resources during the international peak period, and hires three additional aircraft during Tet, directly contributing 37.3 billion VND to business efficiency.
Vietnam Airlines also said that in the field of financial cooperation, the airline has signed a Memorandum of Understanding worth 560 million USD with Citibank; signed a comprehensive cooperation agreement with Vietcombank; and signed with VNPT to deploy Internet on-Dance Service (IFC) for the Airbus A350 fleet, marking a new step forward in its strategy to improve passenger experience.
In the international market, Vietnam Airlines has continuously opened and restored many key routes such as Hanoi - Bengaluru, preparing to open more Hanoi - Hyderabad routes, and reconnecting Northeast Asian routes.
The airline also officially put into operation Boeing 787-9 aircraft with a symbol of birds, promoting the image of Vietnam to the world and celebrating 30 years of establishment. At the same time, Vietnam Airlines pioneered the exploitation at T3 Tan Son Nhat station, enhancing the passenger experience.
Vietnam Airlines deploys the entire electronic identification and authentication application in flight procedures, becoming the first airline in Vietnam to apply biometric solutions combined with electronic identification (VNeID), improving passenger experience and promoting digital transformation.
Vietnam Airlines said that in the second quarter, the airline will urgently prepare resources, serve well the peak summer season, and flexibly operate the flight network to optimize costs and increase revenue.
The airline also develops a charging plan to provide peak periods, proactively plans to lease additional aircraft, continue to exploit and expand many key international routes, diversify flight networks and affirm its position in the international market.
In parallel with exploitation activities, Vietnam Airlines is stepping up the implementation of key projects at Long Thanh International Airport according to the Government's required schedule, while restructuring assets, optimizing financial investment portfolios to increase income, cash flow and towards sustainable development.
