VietJet aviation transport revenue 10.6% over target

Its aviation transport revenue stood at 5,095 billion dong (about Bt7.7 billion), an increase of 44.2 per cent compared with the same period of the previous year, and more than 10.6 per cent over target. 
Revenue proportion for international routes rose sharply. Profit rose 6.8 per cent compared with the same period of the previous year. 
Its profit before tax was 432.64 billion dong and profit after tax 381.65 billion dong.
The airline carried 3.7 million passengers, an increase of 29.4 per cent compared with the same quarter of 2016.
In the first quarter of 2017, VietJet launched three new international routes, increasing its air routes to 63, with a high load factor of 88 per cent, and OTP (on-time performance) of 87.7 per cent, an increase of 4.1 per cent compared with a year earlier.
Operating cost (excluding fuel) decreased 4.1 per cent from 2.44 US cents to 2.34 cents per ASK (available seat kilometre).
The first quarter of 2017 saw strong growth in its total assets, which reached 21,727 billion dong, an increase of 17.37 per cent compared with early in the year; cash and cash equivalents rose sharply to 2,777 billion dong. For the same period of the previous year, cash and cash equivalents were valued at about 944 billion dong. 
All this showed that the company’s cash flow was very healthy, VietJet said. Its equity rose 69.7 per cent from 3,072 billion dong to 5,213 billion dong.
This year, VietJet plans to operate the A320/A321neo family, which will result in 15-per-cent fuel savings.
VietJet managing director Luu Duc Khanh said the company’s operating costs were comparable with the world’s top airlines.
In the first 90 days of 2017, VietJet operated 22,353 safe flights and recorded technical reliability at 99.59 per cent, a slight increase (0.02 per cent) year on year.