Vietnamese carrier Vietjet has kicked off 2025 with impressive momentum, reporting strong financial results and international expansion—particularly in Australia and Asia.
In its Q1 2025 financial results, Vietjet posted a 24 per cent year-on-year increase in consolidated pre-tax profit, reaching approximately US$32.1 million (VND836 billion). Total revenue also hit US$690 million (VND17.95 trillion), as the airline continued to grow its global footprint and solidify its reputation for operational reliability.
Since entering the Australian market in April 2023, Vietjet has quickly become the largest airline flying between Australia and Vietnam. It now operates services from Sydney, Melbourne, Brisbane and Perth to Ho Chi Minh City, and from Sydney and Melbourne to Hanoi. In Q1 2025, the airline further expanded its network by adding routes to Japan and China, boosting Asian connectivity for Australian travellers.
Passenger numbers also climbed, with more than 6.87 million passengers flown in Q1—up over nine per cent year-on-year—across nearly 38,700 flights. Of its 137 active routes, 97 were international, including six serving Australia, while 40 were domestic.
Vietjet’s growing fleet, now at 106 aircraft (among the youngest in Asia), supported a seat load factor of 87 per cent and a technical reliability rate of 99.72 per cent. The airline added four new international routes from Vietnam to major cities in China (Beijing and Guangzhou) and India (Bengaluru and Hyderabad), and also announced two upcoming routes to Singapore (from Phu Quoc) and New Zealand (Auckland from Ho Chi Minh City).
Ancillary revenue exceeded US$239 million (VND6.22 trillion), contributing more than 30 per cent to total revenue. As of March 31, 2025, Vietjet’s total assets stood at US$3.79 billion (VND98.77 trillion), maintaining a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.5—both within safe industry standards.
The airline also marked a significant milestone with its first-ever flight to the United States earlier this year. This move sparked new strategic partnerships with U.S. aviation giants worth a combined US$14 billion. Vietjet’s total cooperation value with global partners—including Boeing, GE, Pratt & Whitney and Carlyle Aviation Partners—now nears US$50 billion.
Vietjet’s loyalty program, SkyJoy, won “Best Use of Digital Technology” at the 2025 Asia Pacific Loyalty Awards, and the airline picked up three global HR awards. AirlineRatings named Vietjet the “World’s Best Ultra Low Cost Carrier in 2025” and listed it among the world’s safest airlines.
With a strong start to the year, Vietjet looks poised to surpass its ambitious 2025 targets as it continues to expand in Australia and across the globe.
