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Thai AirAsia Reports 729.2M baht 3Q Profit Increase
11th Nov 2016
Thai AirAsia can say that it had a good third quarter this year as the carrier reported a 729.2 million baht increase in its quarterly profit, mostly from lower fuel costs and flying more foreign visitors to Thailand.
At the same time, TAA reported that its revenue for the quarter went up to 8.145 billion baht. In the same period last year the carrier’s revenue was 7.254 billion baht.
Thai AirAsia also increased available seat km capacity by 20 per cent and RPK (revenue in passenger kilometers) by another 23 per cent from last year’s results. In addition, the airline carried 4.33 million passengers between July and September this year, which is 21 per cent more than it did in the same quarter in 2015. Finally, TAA reported a load factor of 84 per cent, 3 percentage points higher than last year.
Thai AirAsia to Take Delivery of Two New A320 NEOs
According to a statement from Thailand’s Asia Aviation Plc., one of the major shareholders in Thai AirAsia, the budget carrier will increase its fleet to 51 aircraft by taking delivery of two new Airbus A320 NEO planes by the end of 2016.
Also, the statement from Thailand’s Asia Aviation says that Thai AirAsia plans to start flying new routes in India and Indochina. The statement mentioned routes such as Bangkok-Kolkata, India and Phuket-Siem Reap, Cambodia. The routes should start in the last quarter of this year, the statement says.
In addition, the airline also plans to add more capacity on several routes such as Bangkok to Phuket, Udon Thani and Surat Thani.
Thai AirAsia hopes to attract more passengers and get a bigger market share with the new planes and thus maintain its number one position among the budget carriers of Thailand. Also, the two new A320 NEOS will save fuel burn up to 15 per cent compared to the previous model.
The A320 NEO also has a seat capacity of up to 186 seats.
Asia Aviation has a 55 per cent share in Thai AirAsia and Malaysia AirAsia Berhad holds another 45 per cent stake in the low-cost carrier.
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