Vietjet releases Q1-2025 financials
The submit Vietjet releases Q1-2025 financials appeared first on TD (Journey Each day Media) Journey Each day Media.
Vietjet Aviation Joint Inventory Firm reported a 24 p.c year-on-year (YoY) enhance in consolidated revenue for Q1 2025, pushed by sturdy 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 Could, including to the companies from Singapore to Ho Chi Minh Metropolis, Hanoi, and Da Nang.
This new route provides to, rising the full variety of weekly single-leg flights between Vietnam and Singapore to 78.
In response 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 complete income.
As of thirty first March, Vietjet’s complete property reached VND98.766 trillion, with a debt-to-equity ratio of two.12 and a liquidity ratio of 1.5, sustaining a protected degree throughout the aviation business.
A busy first quarter
Within the first three months of 2025, Vietjet operated almost 38,700 flights and transported over 6.87 million passengers, representing YoY development 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 essentially the most fashionable plane within the area.
The airline reported sturdy operational metrics with a seat load issue of 87 p.c and a technical reliability charge of 99.72 p.c.
Vietjet additionally launched 4 new worldwide routes connecting Vietnam’s Hanoi and Ho Chi Minh Metropolis with main cities in China (Beijing, Guangzhou) and India (Bengaluru, Hyderabad), additional strengthening connectivity and increasing development alternatives in key Asian markets.
Moreover, the airline introduced two upcoming direct routes: Phu Quoc—Singapore, set to launch on 30 Could 2025, and Ho Chi Minh Metropolis—Auckland (New Zealand), anticipated to start in September 2025.
Highlights from the quarter
Vietjet started 2025 with its inaugural flight to america, resulting in strategic partnership discussions with key companions value US$14 billion.
Mixed with current offers with its longstanding companions resembling Boeing, GE, Pratt & Whitney, and others, Vietjet’s complete cooperation worth now approaches US$50 billion.
The airline additionally signed a US$300 million plane financing settlement with Carlyle Aviation Companions.
Past 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 “Finest Use of Digital Know-how” on the 2025 Asia Pacific Loyalty Awards.
The airline additionally acquired three world HR excellence awards and was named “World’s Finest Extremely Low-Value Provider 2025” and one of many world’s most secure airways by AirlineRatings.
The submit Vietjet releases Q1-2025 financials appeared first on Journey Each day Media.