International passengers increase, Vietnam Airlines reports profit

Vietnam Airlines Corporation (stock code HVN) recorded impressive business results in the first quarter of 2025, with consolidated pre-tax profit estimated at nearly VND 3,625 billion.

Vietnam Airlines said that in the first three months of 2025, the number of international passengers to Vietnam reached about 11.7 million, up 13.3% over the same period; the number of domestic passengers reached more than 9 million, up 3.6%. Of which, the whole country welcomed more than 6 million international visitors, setting a record high in the history of the tourism industry.

Vietnam Airlines Group is estimated to have transported nearly 6.2 million passengers, of which Vietnam Airlines alone transported more than 6 million, up 6.7% and 6.5% respectively over the same period last year.

Vietnam Airlines achieved consolidated pre-tax profit of nearly 3,625 billion VND.

International market regions all recorded positive growth, with the Indian market increasing the most by 26.6%, followed by the Middle East increasing by 25.8%, and Northeast Asia increasing by 13.6% thanks to the recovery of China, Taiwan, and Hong Kong.

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

Vietnam Airlines' consolidated revenue in the first quarter of 2025 is estimated at nearly VND 31,107 billion; pre-tax profit is nearly VND 3,625 billion. Parent company Vietnam Airlines achieved revenue of nearly VND 25,019 billion and pre-tax profit of nearly VND 3,044 billion.

According to Vietnam Airlines, fuel prices are moving favorably, and freight transport supports production and business efficiency.

Accordingly, Vietnam Airlines benefits from an average fuel price maintained at around 91 USD/barrel in the first quarter of 2025, nearly 5% lower than the average last year and much lower than forecast, thereby improving cost efficiency.

Vietnam Airlines said that in the first three months of 2025, the number of international passengers to Vietnam reached about 11.7 million, an increase of 13.3% over the same period.

Besides passenger transport, freight transport also recorded positive results, with revenue in the first three months of 2025 exceeding the plan by more than VND220 billion, contributing significantly to profit growth.

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

Vietnam Airlines also proactively maintained a stable domestic flight network, allocated reasonable flight schedules, optimized resources during international peak periods, and leased three additional aircraft during Tet, directly contributing VND37.3 billion to business efficiency.

PHAM DUY

Source: https://vtcnews.vn/khach-quoc-te-tang-vietnam-airlines-bao-lai-ar940793.html