Vietjet releases Q1-2025 financials

The put up Vietjet releases Q1-2025 financials appeared first on TD (Travel Daily Media) Travel Daily Media.

Vietjet Aviation Joint Stock Company reported a 24 p.c year-on-year (YoY) enhance in consolidated revenue for Q1 2025, pushed by robust worldwide growth and operational excellence, reinforcing the airline’s management in regional connectivity. 

The airline will quickly function direct flights between Singapore and Phu Quoc by the top of May, including to the companies from Singapore to Ho Chi Minh City, Hanoi, and Da Nang. 

This new route provides to, rising the entire variety of weekly single-leg flights between Vietnam and Singapore to 78. 

According to its Q1 2025 monetary statements, Vietjet reported air income of VND17.92 trillion, with a pre-tax revenue of VND820 billion, marking a 25 p.c enhance YoY. 

Consolidated income totalled VND17.952 trillion whereas pre-tax revenue was of VND836 billion, up 24 p.c YoY.

Ancillary income reached over VND6.223 trillion in Q1 2025, accounting for greater than 35% of Vietjet’s whole income.

As of thirty first March, Vietjet’s whole belongings reached VND98.766 trillion, with a debt-to-equity ratio of two.12 and a liquidity ratio of 1.5, sustaining a secure stage inside the aviation trade. 

A busy first quarter

In the primary three months of 2025, Vietjet operated almost 38,700 flights and transported over 6.87 million passengers, representing YoY progress of greater than 12 p.c and 9 p.c, respectively. 

The airline operated a complete of 137 routes, together with 40 home and 97 worldwide routes.

In Q1-2025, Vietjet added two new plane, increasing its fleet to 106 of probably the most fashionable plane within the area. 

The airline reported robust operational metrics with a seat load issue of 87 p.c and a technical reliability price of 99.72 p.c.  

Vietjet additionally launched 4 new worldwide routes connecting Vietnam’s Hanoi and Ho Chi Minh City with main cities in China (Beijing, Guangzhou) and India (Bengaluru, Hyderabad), additional strengthening connectivity and increasing progress alternatives in key Asian markets. 

Additionally, the airline introduced two upcoming direct routes: Phu Quoc—Singapore, set to launch on 30 May 2025, and Ho Chi Minh City—Auckland (New Zealand), anticipated to start in September 2025.

Highlights from the quarter

Vietjet started 2025 with its inaugural flight to the United States, resulting in strategic partnership discussions with key companions value US$14 billion. 

Combined with present offers with its longstanding companions reminiscent of Boeing, GE, Pratt & Whitney, and others, Vietjet’s whole cooperation worth now approaches US$50 billion. 

The airline additionally signed a US$300 million plane financing settlement with Carlyle Aviation Partners.

Beyond enterprise efficiency, Vietjet delivered over 60 tonnes of humanitarian help to Myanmar and partnered with a number one financial institution to assemble 500 properties for low-income households in Vietnam. 

On the innovation and repair entrance, Vietjet’s SkyJoy loyalty program gained “Best Use of Digital Technology” on the 2025 Asia Pacific Loyalty Awards. 

The airline additionally acquired three world HR excellence awards and was named “World’s Best Ultra Low-Cost Carrier 2025” and one of many world’s most secure airways by AirlineRatings.

The put up Vietjet releases Q1-2025 financials appeared first on Travel Daily Media.

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