Vietjet has revealed that its revenue has increased by 17% year-over-year to VND10.41 billion in the third quarter of 2019, with consolidated revenues reaching VND13.57 billion.
The airline has reported a load factor of 88% in the quarter with air transport profit before tax increasing by 17% to VND1.31 billion, consolidated profit reached to VND1.91 billion.
By the end of the third quarter, the total number of routes stood at 127, an increase of 24 routes year on year, with the majority serving international destinations.
The Vietnamese low-cost carrier has also said it will acquire 20 Airbus A321XLR jets.
Airbus said the airline will place a firm order for 15 aircraft and convert five on-order A321neos to the A321XLR, raising its order backlog to 186 A320-family aircraft.
The airline has said it is expecting to receive the jets sometime in 2023.
Vietjet chief executive Nguyen Thi Phuong Thao commented: "VietJet has always been a pioneer in operating new, modern, advanced and fuel-efficient aircraft.
"We are proud of operating one of the world's youngest Airbus fleets with an average age of only 2.7 years and this has contributed greatly to VietJet's success over the past years.
"Following the signing of this contract, the new A321XLR will be the perfect upgrade to VietJet's fleet as we look to grow our international flight network. It's exciting to know that our passengers will soon enjoy flying on our comfortable, modern and cost-saving mid-haul flights."