"Dual impetus from international tourists and fuel prices, Vietnamese aviation breaks through."

This result is mainly due to the boom in the international tourist market, lower fuel prices compared to the same period last year, and the airline's flexible and efficient operational efforts.

Production and revenue growth

In the first quarter of 2025, the number of international passengers arriving in Vietnam reached approximately 11.7 million, an increase of 13.3% compared to the same period last year; the number of domestic passengers reached over 9 million, an increase of 3.6%. Of these, the country welcomed more than 6 million international tourists, setting a record high in the history of the tourism industry.

Following the strong recovery trend, Vietnam Airlines Group (including Vietnam Airlines, VASCO, and Pacific Airlines) is estimated to have transported nearly 6.2 million passengers, with Vietnam Airlines alone transporting over 6 million, representing increases of 6.7% and 6.5% respectively compared to the same period last year.

International market regions all recorded positive growth, with the Indian market experiencing the strongest increase at 26.6%, followed by the Middle East at 25.8%, and Northeast Asia at 13.6% thanks to the recovery of China, Taiwan, and Hong Kong (China).

The quality of international tourists has also improved significantly, particularly in high-revenue markets such as Japan, Australia, and India. High-revenue tourists from Japan have recovered to nearly 90% compared to the same period in 2019, instead of 60% in the previous year.

Vietnam Airlines' consolidated revenue in Q1/2025 is estimated at nearly VND 31,107 billion; pre-tax profit is estimated at nearly VND 3,625 billion.

Vietnam Airlines' consolidated revenue in Q1/2025 is estimated at nearly VND 31,107 billion; pre-tax profit is estimated at nearly VND 3,625 billion. The parent company, Vietnam Airlines, achieved revenue of nearly VND 25,019 billion and pre-tax profit of nearly VND 3,044 billion.

Fuel prices are trending favorably.

Vietnam Airlines benefited from average fuel prices remaining at around $91 per barrel in Q1 2025, nearly 5% lower than the previous year's average and significantly lower than forecasts, thereby improving cost efficiency.

Besides passenger transport, freight transport also recorded positive results, with revenue in the first three months of 2025 exceeding the plan by more than 220 billion VND, contributing significantly to profit growth.

Amid the Pratt & Whitney (PW) engine recall, Vietnam Airlines proactively adjusted its flight schedule and optimized its operating slots. Aircraft utilization increased by nearly 10% compared to the same period last year, significantly improving operational efficiency.

Vietnam Airlines also proactively maintained the stability of its domestic flight network, allocated flight schedules rationally, optimized resources during the peak international season, and leased three additional aircraft for Tet, directly contributing VND 37.3 billion to business efficiency.

Expanding international cooperation

Alongside positive business results, Vietnam Airlines implemented many outstanding activities in the first quarter of 2025, consolidating its brand position in the domestic and international markets.

In the area of financial cooperation, the airline signed a Memorandum of Understanding worth US$560 million with Citibank; signed a comprehensive cooperation agreement with Vietcombank ; and signed an agreement with VNPT to deploy In-Flight Internet (IFC) services for its Airbus A350 fleet, marking a new step in its strategy to enhance passenger experience.

Vietnam Airlines is always actively improving the passenger experience and is committed to providing service quality comparable to major airlines worldwide.

On the international market, Vietnam Airlines has continuously launched and restored many key routes such as Hanoi–Bengaluru, is preparing to open another route from Hanoi to Hyderabad, and is resuming routes to Northeast Asia.

The airline also officially put into operation the Boeing 787-9 aircraft bearing the Lac Bird symbol, promoting the image of Vietnam to the world and celebrating its 30th anniversary. At the same time, Vietnam Airlines pioneered operations at Tan Son Nhat Terminal 3, enhancing the passenger experience.

Vietnam Airlines is a pioneer in implementing full-process electronic identification and authentication in flight procedures, becoming the first airline in Vietnam to adopt a biometric solution combined with electronic identification (VNeID), enhancing passenger experience and promoting digital transformation.

In the first quarter of 2025, Vietnam Airlines continued to make its mark with numerous prestigious awards: "Asia's Leading Airline for Cultural Identity" and "Best In-Flight Service in Vietnam" from the World Travel Awards; its first appearance in the "Top 25 Safest Airlines in the World" and "Top 25 Best Airlines in the World" as selected by AirlineRatings.com; and its second consecutive year being honored with the "World's Best Value Premium Economy" award.

Creating momentum... to reach further

Positive business results in Q1/2025 provide a solid foundation for Vietnam Airlines to effectively implement its 2025 business plan. In the upcoming Q2, Vietnam Airlines will urgently prepare resources to serve the peak travel period of April 30th - May 1st and the summer season, while flexibly managing its flight network to optimize costs and increase revenue.

The airline has also developed plans to manage supply during peak periods, proactively planned to lease additional aircraft, continued to operate and expand many key international routes, diversified its flight network, and affirmed its position in the international market.

Alongside its operational activities, Vietnam Airlines is accelerating the implementation of key projects at Long Thanh International Airport according to the schedule required by the Government, while simultaneously restructuring assets and optimizing its financial investment portfolio to increase revenue, cash flow, and move towards sustainable development.

Source: https://nhandan.vn/dong-luc-kep-tu-khach-quoc-te-va-gia-nhien-lieu-hang-khong-viet-nam-but-pha-post876496.html