ARC NEWS
VietJet second quarter profit surges as network expands
August 04, 2025
VietJet has reported a surge in its consolidated net operating profit to D755 billion ($28.8 million) for the quarter ended 30 June, on the back of its network expansion and reduced fuel prices. Its net operating profit was up more than threefold compared with D219 billion during the same period last year. The carrier reported a consolidated revenue of D17.9 trillion for the quarter up 10% year on year, while costs were up 9.2% to D15.5 trillion, as it reported a net profit after tax mor than doubled to D653 billion. During the quarter, VietJet transported more than 7.5 million passengers, up more than 10% states the carrier. The increase came as the carrier expanded its international network during the period, including operating direct flights from Nha Trang to Russian cities Vladivostok, Khabarovsk, and Blagoveshchensk. VietJet also launched new services connecting Hanoi and Ho Chi Minh City to Beijing, Guangzhou and Shanghai, while also increasing flights to India, Japan and Singapore, it details. In the first six months of the year, Vietjet operated a total of 154 routes, comprising 45 domestic and 109 international ones. "Vietjet currently holds the largest market share in Vietnam with 46% market share in domestic transportation and 56% market share in international passenger transportation," it states. For the first six months of the year, the airline's consolidated net operating profit more than doubled to D1.58 trillion, as revenue was up 5% to D35.8 trillion, and it posted a net profit after tax of D834 billion, up 55%. VietJet Thailand, meanwhile, posted revenue of $223 million in the first half of the year. As of 30 June, VietJet's cash and cash equivalents stood at D7.15 trillion ($273 million), up from D4.56 trillion at the start of the year.


Russian insurance payout helps AerCap report record profit
August 01, 2025
A $1 billion payout from insurers in relation to a claim submitted by the lessor for losses on aircraft leased to Russian carriers helped AerCap record what it describes as a "record" net income in the second quarter and first half of 2025. The Dublin-based lessor grew its net income to $1.26 billion in the second quarter of 2025 ended 30 June from $448 million the year before. This was despite total revenue "and other income" falling to $1.87 billion in the second quarter from $1.96 billion in 2024's second quarter. In 2024's second quarter, total lease revenue ticked up from $1.75 billion to $1.77 billion, but overall revenue was down because net gain on sale of assets fell by more than half to $57.1 million and "other income" fell from $81.1 million to $62 million. Total expenses fell from $1.45 billion in 2024's second quarter to $485 million in 2025's second quarter, mainly due to a positive $973 million added as a result "net recoveries related to Ukraine conflict". AerCap chief executive Aengus Kelly notes his company generated record net income in the half, "driven by strong operating results and the favourable June court judgment in our insurance case". AerCap states it was awarded an approximately $1 billion insurance payment by the London Commercial Court for aircraft and engines lost in Russia. For the six months ended 30 June, AerCap nearly doubled its net income to $1.9 billion. Total revenue fell slightly to $3.96 billion, while total expenses fell to $1.84 billion from $2.82 billion. In 2024's first half, $22.7 million was recorded as net recoveries related to the Ukraine conflict. As of 30 June, AerCap had cash, cash equivalents and restricted cash of $2.85 billion, up from $1.4 billion at year-end 2024. AerCap’s portfolio consisted of 3,508 aircraft, engines and helicopters that were owned, on order or managed, as of 30 June 2025. The average age of the company's owned aircraft fleet as of that date was 7.6 years (5.1 years for new technology aircraft, 15.4 years for current technology aircraft) and the average remaining contracted lease term was 7.2 years. In July 2025, AerCap's board declared a quarterly cash dividend of $0.27 per share, with a payment date of 4 September, to shareholders of record of AerCap ordinary shares as of the close of business on 13 August.


AirAsia X to start Tashkent route in October
August 01, 2025
AirAsia X will start a thrice-weekly service from Kuala Lumpur to Tashkent from 15 October. Data shows that the airline will operate Airbus A330-300s on the route, and it will be the third operator after Batik Air Malaysia and Uzbekistan Airways. "Our mission has always been to make medium-haul travel more accessible and affordable, and we are excited to extend this offering to travelers from Uzbekistan with our entry into Tashkent. The strong performance of our Almaty route has reaffirmed the potential of Central Asia, prompting us to grow further in the region," comments AirAsia X chief executive Benyamin Ismail. AirAsia X started flights to Almaty in March 2024 and currently operates five weekly services there. The carrier has 18 A330-300s in service and one in storage.


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