News
Vietnam Airline’s Q1 profit jumps 30% year-on-year
May 7th 2026
Vietnam Airlines reported a pre-tax net profit of over VND4.5 trillion (US$171 million) for the first quarter, up 30% year-on-year. Read More » The result is driven by unusually strong demand during the Tet (Lunar New Year) holiday this year and by new flights to Europe, the carrier said. Consolidated revenues rose to VND37.5 trillion, a 23% increase. During the peak Lunar New Year travel season, which is usually between mid- January and mid-February, daily flights numbered 660–670, up 13% from Tet 2025. Revenues from international services jumped by 28.6%, as against 2.9% in the case of domestic revenues. The airline carried more than 6.9 million passengers on nearly 43,000 flights, up 12% and 11% year-on-year, respectively, in 1Q. In its outlook, Vietnam Airlines warned of mounting pressure in the second quarter due to rising fuel costs. By late April, Jet A1 fuel prices were projected at $190–220 per barrel, about three times normal levels, and at times exceeding $240. Vietnam Airlines’ costs increase by VND300 billion per year for every $ 1-per-barrel rise in fuel prices, the company said, adding that to mitigate risks, it plans to keep operations flexible and optimize key domestic and international routes.
