Vietjet posts $1.2bn revenue from serving 14mn passengers in 2016

The low-cost carrier flew 14 million passengers in 2016, amassing over VND27 trillion in revenue

A flight attendant smiles while serving water to a passenger on a Vietjet flight.

Vietjet continued to post positive growth through 2016 with a revenue of VND27.53 trillion (US$1.21 billion), having flown nearly 15 million passengers last year, the low-cost Vietnamese carrier said Wednesday.

The hefty revenue results in a profit of VND2.39 trillion ($105 million), Vietjet said in a statement, adding it also achieved a load factor of 88.9 percent with more than 14 million passengers carried.

The healthy performance indicates the airline’s commitment to tapping increasing demand for air-travel, greatly contributing to the development of Vietnam’s aviation industry and economic growth in Vietnam in the process, according to Vietjet.

Vietjet also boasted a high performance in terms of safety and reliability compared to other airlines in the Asia-Pacific region, with a total of 84,535 flights operated, or 121,213 flight hours, last year.

The airline said its technical reliability stood at 99.56 percent, the highest rate obtained to date by any airline operating A320/A321 in the region. On-time performance for the year stood at 83.6 percent.

The airline’s training center, which opened in early 2015, has so far trained 8,287 staff and  provided 655 training courses for a total of 25,249 training hours with 3,351 certificates presented.

Last year also saw Vietjet continued to increase flight frequency for domestic flights while also constantly expanding its international network.

The airline now operates 63 routes, including 26 international ones, with a fleet of 45 new and modern aircraft aged 3.3 years old on average.

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