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Vietnam Airlines continues to maintain positive growth momentum

Vietnam Airlines Corporation (Vietnam Airlines, stock code: HVN) continues to maintain positive growth momentum in the second quarter of 2025, despite the context of high fuel costs and complicated exchange rate fluctuations.

Báo Nhân dânBáo Nhân dân31/07/2025

With a strategy of expanding its international flight network, investing in synchronous infrastructure and a consistent development orientation, Vietnam Airlines is gradually realizing its goal of becoming an international 5-star airline in the period 2025-2030.

Expanding international flight network

In the first 6 months of the year, Vietnam Airlines operated nearly 78,000 flights, transporting 12.6 million passengers and 165,000 tons of cargo, up 11%, 13% and 16% respectively over the same period; the fleet readiness index reached nearly 100%. The strategy of expanding the international flight network is a key step in concretizing Resolution No. 59-NQ/TW on international integration in the new situation.

As of July 1, 2025, Vietnam Airlines has operated 69 routes to 37 destinations in 21 countries and territories, continuously increasing its presence in key areas.

The airline has restored and opened many new routes connecting Vietnam with dynamic economic and tourist centers such as Hanoi-Moscow (Russia), Hanoi-Milan (Italy), Ho Chi Minh City-Beijing (China), Da Nang-Osaka (Japan), Nha Trang-Busan (Korea), Phu Quoc-Seoul (Korea),...

The effectiveness of the international flight network expansion strategy is clearly demonstrated when international transport revenue in the past 6 months accounted for 60% of total transport revenue, an increase of more than 10% over the same period.

In the second quarter of 2025, Vietnam Airlines' consolidated revenue reached VND28,361 billion, with after-tax profit reaching VND2,923 billion. The parent company alone reached nearly VND23,205 billion, with revenue and after-tax profit reaching VND2,764 billion.

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In the second quarter of 2025, Vietnam Airlines' consolidated revenue reached VND 28,361 billion, after-tax profit reached VND 2,923 billion.

The strong growth was achieved thanks to the airline's restoration and exploitation of many international routes, optimization of fleet and resource utilization, cost reduction, etc. The parent company's gross profit from sales and service provision reached VND 3,934.7 billion, equivalent to 17.3% of revenue. The parent company's total revenue and other income in the second quarter of 2025 increased by more than VND 3,961 billion compared to the same period in 2024, of which revenue from international transportation services increased by 15.8%.

The plan to increase Vietnam Airlines’ charter capital by VND22,000 billion has been approved by the competent authority, creating a solid foundation for the airline’s long-term investment strategy. Of which, VND9,000 billion is being deployed in the third quarter through issuing shares to existing shareholders.

Strategic investment and comprehensive transformation

2025 is a pivotal year for Vietnam Airlines to take strategic steps towards a new stage of development. The airline is accelerating the implementation of major investment projects, including the project to invest in 50 new generation narrow-body aircraft, with a total investment of more than VND92,000 billion, expected to be implemented in the period 2030-2035. The project aims to improve operational efficiency, save fuel and reduce carbon emissions.

At Long Thanh International Airport, Vietnam Airlines has started many key projects such as: Ground equipment maintenance project, providing repair and maintenance services for aviation vehicles and equipment with a capacity to serve at least 12.5 million passengers and 600,000 tons of cargo per year; Airline catering project with a designed capacity of 40,000 meals/day; and Aircraft maintenance project on an area of over 45,000m². These projects will form a synchronous service ecosystem, ready to serve Long Thanh airport when put into operation.

Digital transformation continues to be the strategic pillar of the airline in the coming period. Vietnam Airlines is coordinating with VNPT to deploy the in-flight Internet connection service (IFC - InFlight Connectivity) in early August 2025, helping passengers stay connected throughout the journey.

At the same time, the Company promotes system modernization, service automation, and integration of electronic identification throughout the process, in line with the orientation of building a modern, effective and sustainable digital ecosystem according to Resolution 57-NQ/TW of the Politburo.

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Vietnam Airlines achieved strong growth thanks to the restoration and operation of many international routes.

In the field of sustainable development, Vietnam Airlines pioneered the deployment of flights using sustainable aviation fuel (SAF). Typical examples include the first international flight using SAF from Singapore to Hanoi, and 4 domestic flights using SAF on June 5 - World Environment Day. All flights are combined with fuel optimization solutions, demonstrating Vietnam Airlines' clear commitment to the Net Zero 2050 target and a comprehensive ESG strategy.

The company is also promoting the development of specialized cargo transport products, chartering freighter aircraft, taking advantage of logistics potential and transit airport advantages. This will be a well-invested business segment to improve fleet efficiency and diversify revenue sources.

Comprehensive efforts in the first half of 2025 have brought Vietnam Airlines many prestigious international titles: Top 20 best airlines in the world, Top 25 safest airlines, Best premium economy class airline, 5-star airline (according to APEX Organization), Top 10 best Asian airlines and Top 10 airlines with the best seats voted by DestinAsia magazine.

Notably, Vietnam Airlines is ranked 86/500 in the Fortune Southeast Asia 500 list in 2025.

In the last 6 months of the year, Vietnam Airlines aims to operate 81,000 flights, transport 13.1 million passengers and achieve air transport revenue of VND46,200 billion. The airline focuses on key solutions: improving operational efficiency, optimizing cash flow, ensuring stable operations, investing in infrastructure, promoting digital transformation, and developing high-quality human resources.

MINH TRANG


Source: https://nhandan.vn/vietnam-airlines-tiep-tuc-duy-tri-da-tang-truong-tich-cuc-post897555.html


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