Vietjet outperforms in Q2: major orders, ground service growth, Long Thanh win
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.
HCM City (VNA) – Vietjet Aviation Joint Stock Company (HOSE: VJC) has reported robust business results for ♏the second quarter of 2025, excee𓆏ding 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.
According to the Q2 financial report, Vietjet recorded aviation revenue of 17.681 trillion VND (approximately 673.9 million USD) and a pre-tax profit of 775 billion VND (approximately 29.57 million USD), reflecting a 52.3% year-on-year increase.
Total consolidated revenue reached 17.885 trillion VND (approximately 682.29 million USD), with pre-tax profit climbing to 815 billion VND (approximately 31.09 million USD), representing a remarkable year-on-year growth of 151.5%. Ancillary revenue contributed more than 6.893 trillion VND (approximately 262.98 million USD), significantly boosting overall revenue.
For the first half of 2025, Vietjet reported aviation revenue of 35.6 trillion VND (approximately 1.35 billion USD) and a pre-tax profit of nearly 1.6 trillion VND (approximately 61.04 million USD), up 37% year on year. Consolidated revenue reached 35.8 trillion VND (approximately 1.36 billion USD), with pre-tax profit exceeding 1.6 trillion VND (approximately 61.04 million USD), marking a 65% year-on-year increase.
Vietjet Thailand recorded revenue of over 223 million USD in the first half of the year.
By the end of Q2 of 2025, 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 H1.
As of June 30, 2025, Vietjet's total assets exceeded 112.33 trillion VND (approximately 4.28 billion USD). The airline maintained a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, signalling strong financial health cash reserves, bank deposits, cash equivalents and short-term investments surpassed 9.001 trillion VND (approximately 343.15 million USD), supported by working capital credit lines that ensured adequate liquidity.
The airline maintained a technical reliability rate of 99.53% and was once again recognised by AirlineRatings as "World’s Best Ultra Low-Cost Carrier”, while also being ranked among the safest airlines globally.
Strategic expansion
By the end of Q2 this year, the airline operated a total of 189 routes, including 154 routes operated by Vietjet and 35 routes by Vietjet Thailand. (Photo: Vietjet)
Q2 of 2025 marked 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.
Investment in modern fleet
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.
Ground self-service expansion, Long Thanh project win
Vietjet has 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.
Vietjet posted strong performance in H1 of 2025, achieving 78% and 75% 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./.
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