Vietjet records strong growth through operational optimization and international flight network expansion in Q1/2026

(Vietjet, HoChiMinh City, May 1, 2026) – Vietjet Aviation Joint Stock Company (HOSE: VJC) has announced its financial statement for the first quarter of 2026, reporting strong business growth through operational optimization and international network expansion, creating a solid foundation for the development of its aviation ecosystem in the future.

Positive Business Growth

Vietjet recorded strong business growth in the first quarter of 2026 through optimized operational efficiency and the expansion of its international flight network

According to the Q1/2026 financial report, Vietjet achieved:

- Consolidated revenue: VND 21.021 trillion (approx. US$798.6 million) (up 17.1% YOY).

- Consolidated profit before tax: VND 1.142 trillion (approx. US$43.3 million) (up 36.5% YOY).

- Consolidated profit after tax: VND 1.023 trillion (approx. US$38.8 million) (remarkably up 59.6% YOY).

Vietjet’s parent company achieved:

- Revenue: VND 19.473 trillion (approx. US$740.5 million) (up 8.7% YOY).

- Profit before tax: VND 1.020 trillion (approx. US$38.7 million) (up 24.5% YOY).

- Profit after tax: VND 922 billion (approx. US$35 million) (up 47% YOY).

Revenue and profit witnessed strong growth as Vietjet enhanced operational cost control by optimizing operating performance, promoting digital transformation, and building a new and modern fleet to save fuel, contributing to business efficiency.

Strong Financial Foundation

As of March 31, 2026:

- Vietjet's total assets: VND 143.534 trillion (approx. US$5.45 billion).

- Net debt/equity ratio: 2.1.

- Liquidity ratio: 1.5.

Financial indicators were maintained within the industry's safety threshold as Vietjet continued investing in new aircraft.

In the first quarter of 2026, the airline paid a total of VND 1.941 trillion (approx. US$73.7 million) of taxes and fees.

Output Growth and International Expansion

In Q1 2026, Vietjet transported 7.2 million passengers (an increase of 5.1% year-on-year) 

In Q1, Vietjet continued to operate effectively with:

- 7.2 million passengers (up 5.1% YOY).

- 39,903 flights (up 3.3% YOY).

- 23,344 tons of freight.

The airline kept expanding its flight network with 5 new routes connecting Vietnam and China announced in General Secretary To Lam's state visit to China.

Vietjet currently operates 186 routes (45 domestic, 141 international).

The International Air Transport Association (IATA) has officially extended the ISAGO certification for Vietjet's ground handling operations at Noi Bai International Airport. The certification applies to 07 categories, including: organization and management, training, cargo and mail handling, ramp handling, passenger handling, baggage handling, and load control, valid until March 22, 2028. This reaffirms Vietjet's capacity in governance, operations, and safety control in ground handling by international standards.

The international expansion strategy continues to be a long-term growth driver, contributing to revenue diversification and reducing dependence on the domestic market.

Investment in Fleet, Infrastructure, and Human Resources

Vietjet placed an order with Pratt & Whitney to equip 44 Airbus A320neo aircraft with GTF engines 

In Q1/2026, Vietjet heavily invested in its future fleet:

- A deal of Pratt & Whitney GTF engines for 44 Airbus A320neo aircraft, which was approximately worth of US$5.4 billion.

- An aircraft financing agreement approximately worth of US$965 million for 6 Boeing 737-8 aircraft.

- A finance lease agreement for 10 Comac C909 aircraft.

In the meantime, the airline continued to expand with a long-term vision:

- Serving as a founding member of the Asia-Pacific Aviation Finance Hub.

- Signed an agreement with AVIC Cabin Systems to cooperate in developing modern aircraft interior solutions, aiming to build a sustainable aviation supporting industrial ecosystem in Vietnam.

- Pioneered the use of Artificial Intelligence (AI) and fuel optimization solutions through strategic partnerships with international partners such as Open Airlines and Safran.

- Invested in human resources through the Vietjet Aviation Academy (VJAA): organizing 3,193 courses and training 34,727 trainees in the first three months of the year; continued to sign training agreements with Australia Aviation and F Air Flight School.

Prestigious Awards

Vietjet was honored by international organizations across multiple award categories 

- World’s Best Ultra Low-Cost Carrier 2026 and Top 10 Safest Low-Cost Airlines in 2026 awarded by AirlineRatings.

- Global Best Place To Work in 2026 at the World HRD Congress & Awards 2026.

- The lowest-emission airline on intra-Southeast Asian routes, according to Cirium's Flight Emissions Review 2025.

A New Phase of Growth

In addition to the Government's support regarding policies to reduce value-added tax (VAT), import-export tax, environmental protection tax, and special consumption tax on aviation fuel in response to the impact of the conflict in the Middle East, Vietjet looks forward to further flexible pricing policies on domestic routes.

Vietjet confidently enters a new phase of growth with:

- International scale.

- Long-term growth momentum.