Vietnam’s airlines are showing strong signs of financial recovery in early 2025, driven by international expansion and flexible strategies. Air transport exceeded pre-pandemic levels with 20.7 million passengers and 329,000 tonnes of cargo in Q1, despite aircraft supply constraints. Vietnam Airlines reported a pre-tax profit of $144.8 million and net revenue of $1.22 billion, though profits declined due to higher selling and admin expenses. The carrier is focusing on restructuring loans and operations, with plans to erase accumulated losses by 2026. Vietjet also saw robust growth, with revenue up 24% to $718 million and over 6.87 million passengers. The budget airline expanded its fleet and launched new international routes, including connections to India, Singapore, and New Zealand. Despite high liabilities, Vietjet anticipates stable interest rates. Both airlines, along with Airports Corporation of Vietnam, plan to raise charter capital. Vietnam’s aviation market is forecast to reach 150 million passengers by 2035. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam Investment Review