Vietjet Thailand Posts 10 Billion Baht Revenue, Eyes 50-Aircraft Fleet by 2026

Vietjet Thailand showcased first-half 2025 performance with revenue of 10 billion baht and passenger numbers exceeding 3.5 million, representing 130 percent growth compared to pre-COVID levels while maintaining an 85 percent load factor. The airline is pushing forward with fleet expansion to 39 aircraft this year and 50 aircraft by 2026, preparing to open new routes in the first quarter of 2025 connecting Thailand to high-potential markets including Indonesia, China, and Australia to support a 60 percent increase in seats to over 14 million annually.

On September 17, Voranate Laphaprabang, Chief Executive Officer of Vietjet Thailand, announced that first-half 2025 results exceeded pre-COVID performance across all metrics, generating 10 billion baht in revenue, transporting over 3.5 million passengers, and maintaining a load factor of 85 percent. The carrier is advancing fleet expansion to 39 aircraft within 2025 and targeting 50 aircraft by 2026, with plans to launch multiple new routes in the first quarter of 2025 connecting Thailand to high-potential markets such as Indonesia, China, and Australia to establish Thailand as a regional aviation hub.

"Over the past 10 years, Vietjet Thailand has built strong operational foundations and is ready to leverage potential in the next phase through fleet expansion, increased frequency, and continued investment in personnel and technology to elevate operational performance, deliver better passenger experiences, and support larger-scale business," Voranate said. He added that Vietjet Thailand aims to build on strengths in the Asia-Pacific market while seeking opportunities in high-potential global markets to connect Thailand to more diverse destinations, ensuring growth extends beyond simply adding aircraft and routes to creating stronger organizational foundations, diverse market networks, and sustained long-term growth.

Vietjet Thailand is implementing a high-potential route management strategy with efficient fleet management by continuously deploying Boeing 737-8 aircraft, a key driver of future growth foundations. The airline currently operates 17 of these aircraft and targets expanding to 25 by year-end 2025 (totaling 29 aircraft), then scaling to 39 in 2026 and 50 by 2026, supporting increased flight frequency and new route launches while expanding into multiple additional high-potential markets.

Amidst various challenges, particularly energy price volatility and rising operational costs, Vietjet Thailand has implemented strict financial risk management and operational cost control strategies, maintaining strong financial stability. Reflected in first-half 2025 results, Vietjet Thailand achieved growth in line with targets and surpassed pre-COVID performance across all dimensions, transporting over 3.5 million passengers—up 130 percent compared to pre-COVID levels—aligned with expanded seat capacity of 4 million seats (also up 130 percent) while maintaining a high load factor of 85 percent, an improvement from 2024. Revenue growth reached an impressive 10 billion baht milestone.

Simultaneously, the airline expanded its route network to a record 36 routes, a 25 percent increase from 29 routes in 2024.