Hanoi, Vietnam: Vietnam Airlines (HVN) delivered its strongest financial performance in history in 2025, posting record annual revenue and sharply improved profitability, according to its fourth-quarter financial statements released on January 29.
In the fourth quarter of 2025, the national flag carrier recorded consolidated revenue of VND 32.34 trillion (approx. US$1.3 billion), an increase of 12 percent year-on-year. Consolidated pre-tax profit reached nearly VND 540 billion during the period.
Vietnam Airlines attributed the strong Q4 performance to higher seat occupancy rates and growing passenger and cargo volumes, particularly on international and regional routes. The airline also increased flight frequencies on key international services and optimized fleet utilization to meet strong demand during the year-end peak travel season.
Vietnam Airlines reported consolidated revenue of more than VND 21.43 trillion for the full year 2025, marking the highest annual revenue in the company’s history and a rise of about 10 percent compared with 2024.
Consolidated after-tax profit exceeded VND 7.71 trillion, with the portion attributable to the parent company reaching VND 5.51 trillion more than double that of the prior year.
Beyond operational gains, Vietnam Airlines implemented multiple service upgrades aimed at boosting passenger experience and strengthening competitiveness. These included:
- Launch of in-flight internet services.
- Introduction of the carrier’s signature fragrance, “Nha”.
- More synchronized services at Terminal 3 of Tân Sơn Nhất International Airport.
- Biometric VNeID check-in capabilities.
- Expansion and upgrades of Lotus lounges at major airports.
According to the airline, these enhancements not only elevated the travel experience but also supported business performance during the critical holiday period.
Vietnam Airlines also strengthened its financial foundations in 2025 by successfully issuing 897 million new shares. This helped return both parent and consolidated equity to positive territory by the end of the year.
The airline contributed VND 3.29 trillion to the State budget, a 5 percent year-on-year increase, underscoring its expanding role in supporting Vietnam’s broader economic recovery and growth.
Looking ahead, Vietnam Airlines plans to build on the momentum of 2025 by enhancing operational efficiency and financial performance. For 2026, the carrier is targeting:
- 29.07 million passengers, a 13.2 percent increase over 2025.
- Approximately 13 percent growth in available seat kilometres to tap into rising demand across the Asia-Pacific aviation market.
With a strengthened balance sheet and improving profitability, Vietnam Airlines said it is positioning itself for sustainable medium- and long-term growth while progressing toward its goal of becoming a five-star international airline by 2030.
