Vietnam has become more of a tourist destination over the years and it has also become central to many supply chains. That has benefited among other businesses the country’s flag carrier Vietnam Airlines. Their numbers for 2025 signaled sustained growth and a positive outlook despite the international tensions.
In this post:
- Vietnam Airlines Revenue Grows to 4.1 Billion Euro in 2025
- Operational Data Shows Vietnam is a Growing Destination
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Vietnam Airlines Revenue Grows to 4.1 Billion Euro in 2025
It is a little late to be talking about 2025 still, however Vietnam Airlines did hold its General Shareholder meeting just in these days.
We’ve got some figures to talk about looking back at 2025 and its forward looking projection for 2026.
Let’s start off talking about the figures coming out of the meeting regarding 2025, which look strong and convincing.
The airline achieved a total revenue from all operations of €4.132 billion. That then trickled down to a much smaller but still very positive €253.8 million in after tax profit or a 6.14% net margin.
A very respectable result considering the slim margin nature of the aviation industry.
| Metric | 2025 |
|---|---|
| Revenue | €4.132 Billion |
| After Tax Profit | €253.8 Million |
| Net Margin | 6.14% |
Now let’s look at what the airline is forecasting and hoping to achieve in 2026.
The goal, financially, is to hit €4.634 billion in revenue in 2026. A significant leap forward from 2025’s level which would translate to a 12% increase.
However, it’s not all smooth sailing towards that goal. Vietnam Airlines could well reach that goal but it might do so at a lower net profit level.
The big issue and pressure point for the carrier’s financials is the price of aviation fuel which in early 2026 occasionally exceeded the unprecedented threshold of 200 USD/barrel.
What plays in Vietnam Airline’s favor is the fact that is well out of the directly affected by the war geographical area. Additionally many in Asia might have re-planned their holidays to stay closer to home and Vietnam has been growing massively in popularity.
Secondly there might have also been some transit passenger spillover from the middle eastern carriers with their operations not firing on all cylinders.
Operational Data Shows Vietnam is a Growing Destination
What is quite apparent looking at the airline’s that Vietnam Airlines is benefiting from the growing popularity of the country as a holiday destination.
The number of passengers carriers grew in 2025 and is projected to continue up in to the right even in 2026.
Vietnam Airlines carried 25.65 million passengers on 156,200 flights in 2025, while also transporting 340,200 tons of cargo.
Those figures are projected to go up in 2026 with the carrier hoping to hit 27.76 million passengers carried and 361,400 tons of cargo, or an 8.1% passenger increase and a 6.2% cargo increase.
| Metric | 2025 | 2026 Projection (%Increase) |
|---|---|---|
| Passengers (million) | 25.65 | 27.76 (+8.1%) |
| Flights | 156,200 | N/A |
| Cargo | 340,200 | 361,400 (+6.2%) |
Action is being taken even in terms of long haul operations, which is by far the most profitable stream of revenue for legacy carriers.
Over the past year and a half the airline has increased its footprint in Europe. At first Milan Malpensa was added as a new destination and then linking up to Amsterdam Schiphol, home of fellow SkyTeam airline KLM.