Operating profits drop nearly 50% for Thai AirAsia

Darren Wood
By Darren Wood May 13, 2019 16:01

Operating profits drop nearly 50% for Thai AirAsia

Asia Aviation Public Company has announced that first quarter operating profit for its subsidiary Thai Airasia has fallen 46% to Bt1.1 billion (approximately $34.7 million).

Expenses for the group in the first three months of 2019 rose 10% to Bt10.5 billion – which had a negative impact on net profit which fell 50% to Bt497million – which the company has blamed on rising fuel costs.

The carrier’s CASK stood at Bt1.53 due to a 10% increase in ASKs and a longer average stage length. Meanwhile, RPKs grew 9%, while load factor stood at 91%.

The airline also stated it plans to add two Cambodia services, Bangkok Don Mueang-Sihanoukville and Phuket-Phnom Penh.
It will also add a Bangkok Don Mueang to Ahmedabad service, at a later date.

Darren Wood
By Darren Wood May 13, 2019 16:01