Bangkok Airways sees Q1 profit rise 45%
Bangkok Airways reported a net profit of THB1.57b (US$44.5m) for Q1 2016, up THB487.9m (44.9%) from the year-ago period. Quarterly revenue rose 15.5% to THB7.8b in Q1 2016. The airline was profitable in 2015, and continues to return solid results from niche marketing of regional short-haul destinations that connect to codeshare majors. Bangkok Airways president Puttipong Prasarttong-Osoth said the improved performance was mainly because of a “growth in number of passengers and better average fares together with declining fuel costs.” The company said it had registered an overall increase in the number of passengers of 10.5% in Q1 2016. This was helped by an 18.2% rise in sales across Asia including from Singapore, Vietnam, Hong Kong, Myanmar and Taiwan—but excluding Thailand. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-16/unaligned/bangkok-airways-sees-q1-profit-rise-45
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Bangkok Airways sees Q1 profit rise 45%
Bangkok Airways reported a net profit of THB1.57b (US$44.5m) for Q1 2016, up THB487.9m (44.9%) from the year-ago period. Quarterly revenue rose 15.5% to THB7.8b in Q1 2016. The airline was profitable in 2015, and continues to return solid results from niche marketing of regional short-haul destinations that connect to codeshare majors. Bangkok Airways president Puttipong Prasarttong-Osoth said the improved performance was mainly because of a “growth in number of passengers and better average fares together with declining fuel costs.” The company said it had registered an overall increase in the number of passengers of 10.5% in Q1 2016. This was helped by an 18.2% rise in sales across Asia including from Singapore, Vietnam, Hong Kong, Myanmar and Taiwan—but excluding Thailand. <br/>
