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2 clusters · 3 sources · 14 days · First seen · Last updated

Vietnam Airlines financial instability

Overview

Vietnam Airlines is experiencing significant financial instability characterized by massive accumulated losses and volatile profit margins. As of mid-2026, the Ho Chi Minh City Stock Exchange maintained a warning status for the company’s shares due to an accumulated undistributed post-tax loss of 23,148.19 billion VND.

While the airline reported a post-tax profit for the first half of 2026, this figure represented a decrease compared to the previous year, driven largely by rising fuel costs. Financial analysts have projected that despite potential record revenues, profits could plummet by as much as 85% compared to 2025 levels.

The company’s profitability is heavily impacted by the price of Jet A1 fuel. While the airline requires fuel prices to remain below 135 USD per barrel to operate effectively, recent prices have reached 171 USD per barrel, a surge attributed to tensions in the Middle East.

Entities

Vietnam Airlines · BSC Securities · Ho Chi Minh City Stock Exchange · HoSE

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Vietnam Airlines faces profit drop due to rising fuel costs

    Vietnam Airlines faces a projected 85% drop in 2026 profits despite record revenues, as rising Jet A1 fuel prices driven by Middle East tensions exceed the airline's profitability threshold.

  2. 16 days ago

    [BUSINESS] 2 sources
    Vietnam Airlines stock remains under warning due to massive accumulated losses

    Vietnam Airlines (HVN) remains under warning status on HoSE due to accumulated losses exceeding 23,000 billion VND, despite reporting a post-tax profit in the first half of 2026.

Sources

cafebiz.vn · cafef.vn · soha.vn