Vietnam Airlines recently declared its plan to use its resources and experience in the aviation industry to launch a cargo-only airline. The strong international air cargo market recovery, which has greatly boosted the airline’s financial performance, is the reason for this calculated action. Vietnam Airlines stated in the second quarter of 2025 that a startling 65% of their overall revenue came from international freight.
The airline’s revenue for this quarter exceeded VNĐ22.1 trillion (US$846 million), with a profit before tax estimated at around VNĐ1 trillion. As a result, the airline expects to achieve profits exceeding VNĐ4 trillion in the first half of the year, reflecting a 1.9 per cent increase in output compared to its targets.
Factors such as rising fuel prices exceeding $95 per barrel, due to geopolitical tensions, particularly in the Middle East, pose significant challenges. These increased costs have pressured operational expenditures, compelling the airline to adjust its flight routes to avoid unsafe areas, which in turn extends flight durations and increases expenses.
To mitigate these risks, Vietnam Airlines is enhancing its operational stability by leasing additional aircraft and engines. The airline is also focused on diversifying its customer base to reduce reliance on specific market segments. This includes expanding its ticket sales network with international partners and accelerating digital transformation initiatives.
The carrier also plans to convert several A321 aircraft for regional cargo routes starting in the fourth quarter of 2025, laying the groundwork for the new cargo airline set to launch in 2026. The airline’s commitment to building logistics hubs at domestic airports, such as Long Thành and Gia Bình, will further support its cargo operations.
