Vietjet (VJC) reports 44% revenue growth, strengthening its long-term growth foundation
Tuesday, September 8,2026
AsemconnectVietnam - Vietjet Aviation Joint Stock Company (HOSE: VJC) announced its audited financial report for the first six months of 2026, recording consolidated revenue of VND51,536 billion, a 44% increase compared to the same period last year and achieving 59.4% of the annual plan. Consolidated after-tax profit reached VND1,372 billion, equivalent to 64.5% of the annual plan.
Revenue growth closely follows annual plan.
According to the audited financial report, in the first six months of 2026, Vietjet's parent company revenue reached VND45,030 billion, a 26% increase compared to the same period last year and achieving 58.5% of the annual plan. Consolidated revenue reached VND51,536 billion, a 44% increase, achieving 59.4% of the annual plan.
The parent company's after-tax profit reached VND1,126 billion and the consolidated after-tax profit reached VND1,372 billion, corresponding to 55.9% and 64.5% of the annual plan, respectively.
As of June 30, 2026, Vietjet's consolidated total assets reached VND149,093 billion. The net debt-to-equity ratio was 2.36 times and the liquidity ratio was 1.36 times.
In the first six months of the year, Vietjet contributed more than VND3,950 billion to the State budget.
The positive business results were supported by growth in transport volume, expansion of the international flight network, and solutions to improve operational efficiency and cost management.
The international flight network continues to be a growth driver.
In the first six months of 2026, Vietjet transported more than 13.4 million passengers on 72,000 flights; Cargo volume reached nearly 41,000 tons.
Vietjet currently operates 213 routes, including 46 domestic and 167 international routes. In the first half of the year, the airline continued to expand connections to Australia, China, Sri Lanka, the Philippines, Kazakhstan, and the Czech Republic, increasing its presence in international markets and expanding connections between Vietnam and economic, trade, and tourism centers.
Amidst the ongoing impact of geopolitical fluctuations, fuel prices, and operating costs on the global aviation industry, Vietjet is implementing solutions in commerce, finance, cost management, fleet optimization, and fuel risk management to maintain operational efficiency.
The airline continues to diversify its products and services with Business, SkyBoss, Deluxe, and Eco fare classes. Hot meals, VikkiCafe, Duty Free, SkyFi SIM, currency exchange service, SkyJoy loyalty program, and other digital amenities are integrated throughout the passenger's journey.
Investing in the fleet, strengthening long-term growth capacity
Vietjet continues to implement its strategy of investing in a new generation fleet with a total order of nearly 600 aircraft, creating a foundation for its network development plan for many years to come.
During the period, Vietjet signed agreements to supply Pratt & Whitney GTF engines for 44 Airbus A320neo aircraft, and also arranged financing for 12 Boeing 737-8 aircraft.
The investment in the new fleet is linked to the plan to expand the international flight network, improve operational efficiency, and meet transportation needs in growth markets.
At the Singapore Airshow 2026, Vietjet, as a founding member, announced the Asia-Pacific Aviation Finance Centre, aiming to connect international financial institutions, investors, and aviation businesses, contributing to the development of aviation finance capacity in Vietnam.
Vietjet is also promoting the application of technology and artificial intelligence in management and operations; cooperating with OpenAirlines, Satair, and international partners to optimize fuel consumption, improve operational efficiency, and reduce emissions.
Gradually perfecting the aviation ecosystem
In parallel with passenger transport operations, Vietjet continues to develop supporting activities in the aviation value chain, including ground services, cargo transport, training, aircraft engineering, aviation finance, and technology.
AirportNEO has provided ground services at major airports in Vietnam, while also expanding its services to international airlines, including regular Air India flights to and from Hanoi.
The cargo segment continues to expand amidst growing regional trade and logistics demand.
In the field of training, Victoria Aviation Academy continues to develop its capacity to train aviation personnel to international standards. Vietjet is collaborating with Australia Aviation, F Air flight school, and is a training partner of IATA. The Academy has organized 9,662 courses for over 99,000 trainees, including pilots, flight attendants, engineers, dispatchers, and aviation specialists.
The aircraft engineering business is being prepared for operation, gradually adding technical maintenance capabilities to Vietjet's aviation value chain.
In the international market, Vietjet Thailand continues to expand its flight network and operate a fleet of Boeing 737-8 aircraft. Vietjet Qazaqstan maintains operations on routes in Kazakhstan and the Central Asian region, contributing to the expansion of Vietjet's international connectivity network.
Enhancing International Brand Position
According to Brand Finance, as of May 2026, Vietjet's brand value reached US$906 million.
In the first six months of the year, Vietjet continued to receive recognition from international organizations for safety, service quality, working environment, and sustainable development; and was recognized by Forbes Vietnam in the Top 50 Best Listed Companies in Vietnam and Top 50 Leading ESG Companies. Cirium recognized Vietjet as an airline with low emissions on flights in Southeast Asia.
Vietjet was also voted by international passengers at AirlineRatings' Flyers’ Choice Awards 2026 and recognized at the Korean Consumer Awards in categories related to airline model, culinary experience, and service.
With first-half business results closely aligned with targets, a continuously expanding international flight network, long-term fleet investment plans, and the development of activities within the aviation value chain, Vietjet continues to strengthen its foundation for growth, diversify revenue streams, and enhance operational efficiency in subsequent periods.
Source: VITIC/Bao Tai chinh – Dau tu
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