Vietnam Airlines targets 2026 profit despite soaring fuel costs, expands fleet

Vietnam Airlines' 2026 business plan aims for a pre‑tax profit of VND 101 billion for the parent company and VND 510 billion on a consolidated basis, with projected revenue of VND 138.9 trillion. The airline expects to transport 27.73 million passengers and 361.4 thousand tonnes of cargo, representing modest growth over 2025. Rising Jet A‑1 fuel prices, which peaked at around $200 per barrel, added roughly VND 7 trillion to fuel costs in the second quarter, pressuring earnings. In response, the carrier has cut less profitable routes, reduced capacity by about 20 % in April‑May, and is leveraging strong demand on European links, achieving 91 % seat occupancy.

Strategically, Vietnam Airlines is modernising its fleet with orders for 50 Boeing 737‑8 narrow‑body jets, plans to lease 20 additional narrow‑bodies for 2027‑28, and is negotiating for up to 30 wide‑body aircraft to be delivered 2028‑30. The first dedicated cargo aircraft is slated for service in Q3 2026. The airline is also advancing digitalisation: introducing in‑flight internet, biometric ID via VNeID, new e‑commerce platforms, cloud and AI tools, and a revamped website to enhance customer experience.

The carrier continues to expand its network, adding new international routes to Amsterdam, Phuket and Colombo, and increasing frequencies on key destinations such as Singapore, Manila, Moscow, Kaohsiung, Melbourne and Sydney. These initiatives support its longer‑term goal of achieving global five‑star airline status by 2030.