Vietjet Aviation Joint Stock Company has announced a 24% year-on-year increase in consolidated pre-tax profit for the first quarter of 2025, attributed to its aggressive international expansion and robust operational performance.
The airline reported consolidated revenue of approximately $656m (SGD896m) and a pre-tax profit of $30.54m (SGD41.71m). This growth is supported by the introduction of new routes, including direct flights between Singapore and Phu Quoc starting 30 May, and the expansion of its fleet to 106 aircraft.
The airline’s financial statements reveal air revenue of VND17.92t (approx. $653m, SGD892m), with ancillary revenue contributing over VND6.223t (approx. $227m, SGD310.38m), accounting for more than 35% of total revenue. Vietjet operated nearly 38,700 flights, transporting over 6.87m passengers, marking a year-on-year growth of over 12% and 9%, respectively.
Vietjet’s strategic initiatives include the addition of new routes to China and India, enhancing connectivity in key Asian markets. The airline also launched its inaugural flight to the United States, leading to strategic partnerships worth $14b (approx. SGD18.15b). These partnerships, combined with existing agreements with Boeing and other major players, bring Vietjet’s total cooperation value to nearly $50b (approx. SGD64.78b).
In addition to its business achievements, Vietjet has engaged in corporate social responsibility efforts, delivering humanitarian aid to Myanmar and constructing homes for low-income families in Vietnam. The airline’s SkyJoy loyalty programme was recognised for its digital innovation, and Vietjet was named the “World’s Best Ultra Low-Cost Carrier 2025” by AirlineRatings. With these accomplishments, Vietjet is poised to exceed its 2025 targets and seize further growth opportunities in the global aviation market.
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