Vietnam Airlines develops flexible operating scenarios to address new challenges in 2026

Vietnam Airlines said it has developed flexible operating scenarios in response to rising fuel costs linked to complex developments in the Middle East conflict, after releasing its audited 2025 financial statements.

2025 financial performance

According to the reviewed consolidated financial statements for 2025, Vietnam Airlines’ consolidated revenue reached VND 121,412 billion, while net profit after tax stood at VND 7,607 billion. The parent company recorded revenue of VND 96,569 billion and after-tax profit of more than VND 5,427 billion.

The airline said the results reflect a recovery in travel demand and the effectiveness of its historic expansion of its international network. It also cited strengthened operating discipline, optimized flight frequencies, cost control, and improved cash flow management efficiency.

Operational results in 2025

In 2025, Vietnam Airlines reported positive outcomes across most business metrics. It operated over 156,000 flights, carried more than 25.6 million passengers, and handled over 340 thousand tonnes of cargo. The airline said these figures grew by 11% year-on-year and exceeded its targets.

Q1 2026 outlook and traffic estimates

Early 2026 data also point to continued growth. For Q1 2026, international passengers are estimated at about 13.5 million, up 16% year-on-year and above forecasts. Domestic passengers are estimated at about 9.95 million, up 9.6%.

For cargo and passenger operations, Vietnam Airlines expects to operate nearly 43,000 flights in the first three months of 2026, up 11% year-on-year. Passenger traffic is expected to reach nearly 6.9 million, up about 12%, with the airline aiming to maintain its operating pace in line with market developments.

Cost and risk management for 2026

Looking ahead, Vietnam Airlines said the aviation industry faces new challenges in 2026, including rising fuel prices driven by ongoing developments in the Middle East. From Q2 2026, it will proactively develop flexible operating scenarios, focusing on optimizing its network on key domestic and international corridors.

The airline also said it will continue to tightly control operating costs and improve fleet utilization efficiency. Vietnam Airlines added that it will monitor market developments and geopolitical factors closely, operate flexibly based on actual conditions, and prioritize absolute safety, network stability, cost control, and more efficient use of resources to support smooth air transport operations amid continued market volatility.