Vietjet Skyrockets in H1 2026 with Soaring Profits and Massive 600-Aircraft Investment for 2030 Expansion
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Vietjet Aviation Joint Stock Company, a leading player in the commercial aviation sector, experienced robust financial and operational outcomes in the second quarter and first half of 2026. This growth was fuelled by stable travel demand, the airline’s ongoing international growth, and its long-term commitment to a order for more than 600 next-generation aircraft, one of the most substantial in the Asia-Pacific region. In addition, Vietjet is creating an all-encompassing aviation ecosystem that includes passenger travel, ground services, air freight, training, engineering, financial services, and technology.
Strong Performance in the First Half of 2026
In the second quarter of 2026, Vietjet reported a standalone revenue of VND25.542 trillion (around US$972 million) and a consolidated revenue of VND30.499 trillion (approximately US$1.16 billion), indicating respective year-on-year growths of 44% and 71%. Profits after tax for the standalone and consolidated results were VND204 billion (approximately US$7.77 million) and VND349 billion (around US$13.3 million), respectively.
For the initial half of 2026, the company achieved standalone revenues of VND45.030 trillion (about US$1.71 billion) and consolidated revenues of VND51.536 trillion (approximately US$1.96 billion), presenting a year-on-year increase of 26% and 44%, respectively. These results accounted for 58.5% and 59.4% of each of the total annual targets.
The standalone and consolidated after-tax profits for the first half of 2026 were VND1.126 trillion (around US$42.6 million) and VND1.372 trillion (approximately US$52.2 million), respectively, reaching 55.9% and 64.5% of their total annual targets.
As of June 30, 2026, Vietjet’s total assets were worth VND149.093 trillion (approximately US$5.68 billion). Its net debt-to-equity ratio was maintained at 2.37 times, while the liquidity ratio stood at 1.36 times, both within safe operating levels for the aviation industry.
Investment in Next-Generation Aircraft and AI Integration
Vietjet continues to invest in more than 600 Airbus and Boeing aircraft, one of the largest orders in the Asia-Pacific region, to aid its international expansion and global network development through 2030.
Earlier this year, Vietjet finalized agreements with Pratt & Whitney for GTF engines to power 44 Airbus A320neo-family aircraft and arranged financing for 12 Boeing 737-8 aircraft.
At the Singapore Airshow 2026, Vietjet and its partners announced the establishment of the Asia-Pacific Aviation Financial Centre, an initiative designed to draw leading financial institutions and aviation companies to Vietnam and bolster the country’s ambition to become a regional aviation hub.
In addition, Vietjet is integrating artificial intelligence into its operations and management through partnerships with international solution providers, including OpenAirlines and Satair, to optimize fuel consumption, enhance efficiency, and reduce emissions.
Questions & Answers
What contributed to Vietjet’s growth in the first half of 2026?
The growth was driven by stable travel demand, Vietjet’s ongoing international expansion, and its long-term commitment to a large order for next-generation aircraft.
What major agreements did Vietjet finalize earlier in the year?
Vietjet finalized agreements with Pratt & Whitney for GTF engines to power 44 Airbus A320neo-family aircraft and arranged financing for 12 Boeing 737-8 aircraft.
What initiatives is Vietjet implementing to enhance operations and management?
Vietjet is integrating artificial intelligence into its operations and management through collaborations with global solution providers, OpenAirlines and Satair, to optimize fuel consumption, improve efficiency, and lower emissions.