Vietnam Airlines’s 6-month profit surpasses full-year target by over 20%
After the first six months of the year, national flag carrier Vietnam Airlines had completed more than half of the year's revenue plan and exceeded the year's profit target by 20.3%.
An aircraft of Vietnam Airlines. Photo courtesy of the carrier.
In the Jan-June period, Vietnam Airlines Corporation recorded over VND58.68 trillion ($2.24 billion) in revenue, up 10% year-on-year, and a pre-tax profit of VND6.68 trillion ($255 million), a rise of 19.3%, according to its newly released consolidated financial statement for Q2/2025.
At the 2025 AGM in late June, Vietnam Airlines set a relatively conservative business plan, with consolidated revenue of VND116.72 trillion ($4.45 billion) and after-tax profit of over VND5.55 trillion ($221.83 million), only 66% of the previous year’s profit.
In Q2, the corporation recorded a post-tax profit of over VND2.92 trillion ($111.45 million), an increase of VND1.89 trillion compared to the same period last year.
Vietnam Airlines attributed this result to the fact that Q2 was a peak business period for the aviation industry and the corporation implemented strong operational measures, such as optimizing and improving fleet and workforce efficiency, and minimizing costs.
In particular, the surge in customer demand significantly boosted the corporation’s profit compared to Q2/2024. Gross profit from sales and services reached over VND3.93 trillion ($150 million), equivalent to 17.32% of revenue.
Despite the positive highlights in Q2 and H1, Vietnam Airlines still had an accumulated post-tax loss of over VND27.39 trillion ($1.05 billion) as of June 30.
The corporation stated that it has completed a comprehensive plan for recovery and sustainable development for the 2021-2035 period. According to the plan, in 2024-2025, Vietnam Airlines has implemented synchronized measures to resolve the negative consolidated equity situation, including aggressively improving business efficiency, restructuring assets and financial investment portfolios to increase income and cash flow, and preparing the necessary conditions for a capital-raising share issuance as approved by relevant authorities.
The state-controlled carrier is listed on the Ho Chi Minh Stock Exchange (HoSE) as HVN, which closed Thursday at VND32,800 ($1.25) per share.
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