*Launched Manila – Ho Chi Minh service in Q4/2025
Vietjet Aviation Joint Stock Company (HOSE: VJC) reported strong revenue and profit growth in the fourth quarter and full year of 2025, underscoring the airline’s flexible and effective operational capacity. These results provide a solid foundation for Vietjet as it enters 2026 with ambitious global growth strategies.
Effective operations sustain profit growth momentum
According to its financial statements, Vietjet recorded consolidated revenue of VND82.093 trillion (approx. US$3.16 billion) for the full year, an increase of 14% YoY. In Q4 2025, separate revenue reached VND29.035 trillion (approx. US$1.11 billion) in Q4/2025, marking a YoY increase of 47%.
The airline’s separate gross profit for 2025 stood at VND8.213 trillion (approx. US$316.2 million), driven by network expansion and lower fuel costs compared to the previous year.
The airline’s profitability increased in 2025. For the full year, consolidated post-tax profit reached VND2.123 trillion (approx. US$81.7 million), growing 51.2%, and exceeding 120% of the annual plan.
As of December 31, 2025, Vietjet’s total assets reached VND139.459 trillion (approx. US$5.37 billion). The net debt-to-equity ratio stood at 2.25, while the liquidity ratio reached 1.53, among the strongest in the aviation industry.
During the year, Vietjet successfully issued 50 million shares, increasing equity by VND5 trillion (approx. US$192.6 million), to support long-term growth.
Expanding flight network drives market leadership
In 2025, the airline carried 28.2 million passengers on 153,000 flights, representing YoY growth of 9% and 11.2%, respectively. In Q4/2025 alone, Vietjet transported more than 6.7 million passengers across 36,100 flights.
Vietjet continues to hold the leading market share in Vietnam by passenger volumes across both domestic and international markets.
The airline currently operates 254 routes, including 52 domestic and 202 international services, and launched 22 new routes last year, connecting Vietnam to key destinations, including Central Asia and China. Notably, this included the launch of weekly direct flights between Manila and Ho Chi Minh City in Q4/2025.
Strengthening international cooperation and long-term investment
Q4/2025 marked major milestones in the Vietjet’s long-term investment strategy, with the delivery of 22 new aircraft, representing the airline’s largest fleet expansion since its establishment.
During the year, Vietjet signed an agreement with Airbus to buy 100 A321neo aircraft, along with a separate contract with Rolls-Royce for 92 Trent 7000 engines and comprehensive maintenance services, valued at US$3.8 billion.
Strengthening customer experience through innovation, technology and global awards
Vietjet continued to expand its service offerings, including Business class tickets, the SkyJoy loyalty program, in-flight retail, multi-channel booking and payment platforms, and its AI virtual assistant, Amy. Operational upgrades included the adoption of biometric identification at check-in to improve service efficiency.
In 2025, Vietjet received several international recognitions, including:
- World’s Safest Airlines and Best Ultra Low-Cost Airline (AirlineRatings)
- Asia’s Leading Airline for Customer Service (World Travel Awards)
- Most Valuable Airline Brands in ASEAN 2025 (Brand Finance)
- Gold Award at ESG Transport Sustainability Awards (Taiwan)
With strong financial performance, a rapidly expanding fleet, deepened international cooperation and reinforced operational capacities, Vietjet enters 2026 well positioned to pursue sustainable growth and global expansion.
