The low-cost carrier Vietjet recorded revenue of more than VND27.49 trillion (US$1.21 billion) in 2016, up 39 per cent year-on-year, according to its audited financial results released on Monday.

Last year, Vietjet’s pre-tax profit also experienced a significant yearly rise of 113 per cent to approximately VND2.5 trillion.

The airline’s total assets reached more than VND20 trillion, surging 67 per cent from the same period last year while its equity capital rose 120 per cent year-on-year to VND4.73 trillion.

Vietjet attributed the encouraging performance to its efforts in launching new domestic and international routes, exploiting existing ones and technical innovation to cut operating costs.

According to the data, the airline made up 41 per cent of the market share.

This year, the airline plans to launch an additional 26 new routes including four domestic ones, bringing its number of routes to 86.

In a separate report, published earlier in February, Vietjet said it transported more than 14 million passengers in 2016, effectively contributing to the development of Viet Nam’s aviation industry.

The airline’s operations also registered strong performance in safety and reliability compared to other airlines in Asia-Pacific. It operated a total of 84,535 flights, accounting for 121,213 flight hours last year.

"All of this guarantees Vietjet’s development under international standards and its professional human resources who will oversee the airline’s steady and sustainable growth," the airline said.

In a move to welcome the start of the summer, Vietjet has announced the start of three golden days, in which one million promotional tickets will be on sale, priced from as low as zero dollars, at www.vietjetair.com.

The promotion, available on all domestic routes, continues Monday through Wednesday from noon to 2pm. Tickets may be used from May 1 to December 20. — VNS