Low-cost Vietjet Air continues post positive growth in 2016

Published on : Thursday, February 23, 2017

vietjetairVietnam’s Vietjet Air, a low-cost carrier, earned a revenue of over 27.5 trillion Vietnamese dong (US$1.2 billion) and a profit of almost 2.4 trillion Vietnamese dong (US$105 million) in 2016,Vietnam News Agency (VNA) reported.


Greatly contributing to the development of Vietnam’s aviation industry as well as the country’s economic growth, the airline also achieved a load factor of 89 per cent with more than 14 million passengers carried.


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


The airline’s technical reliability stood at 99.56 per cent, 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 per cent.


The airline currently operates 63 routes (37 domestic and 26 international ones) with a fleet of 45 new and modern aircraft aged 3.3 years old on average.


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


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