Vietnam Airlines sees profit boost from tourism, lower fuel in the first quarter
Vietnam Airlines posted a pre-tax profit of in the first quarter (Q1) of 2025 of over 3.6 trillion VND (140 million USD), driven by tourism recovery, lower fuel prices, and efficient operations.
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| Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines and VASCO, carried nearly 6.2 million passengers in Q1, with Vietnam Airlines accounting for over six million, up 6.5% compared to the same period in 2024. (Photo: Vietnam Airlines) |
Vietnam Airlines recorded a Q1/2025 pre-tax profit of over 3.6 trillion VND (140 million USD), boosted by a strong recovery in international tourism, falling fuel prices and efficient operations.
Vietnam welcomed over six million international tourists in Q1-the highest ever for the period. Total international passenger traffic reached 11.7 million, up 13.3% year-on-year, while domestic travellers hit nine million, rising 3.6%.
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Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines and VASCO, carried nearly 6.2 million passengers in Q1, with Vietnam Airlines accounting for over six million, up 6.5% compared to the same period in 2024.
Notably, international markets all saw positive growth. Passenger numbers to and from India rose sharply by 26.6%, followed by the Middle East at 25.8% and Northeast Asia at 13.6%, thanks to the recovery of routes to mainland China, Hong Kong and Taiwan (China).
High-yield markets like Japan and Australia also showed strong demand, with premium passengers from Japan reaching nearly 90% of pre-pandemic levels.
Q1 revenue was estimated at nearly 31.1 trillion VND, with the parent company earning about 25 trillion VND.
According to the carrier, average fuel prices remained around $91 per barrel, nearly 5% lower than 2024, helping reduce operational costs.
Cargo services exceeded revenue targets by over 220 billion VND.
Vietnam Airlines also improved aircraft utilisation by nearly 10%, adjusted flight schedules amid global engine recalls, and leased additional aircraft during the Tet holiday.
The airline continued expanding international routes, introduced inflight Wi-Fi on Airbus A350s, and became the first in Vietnam to implement biometric and digital ID check-in.
(Source: VNA)
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