Thai AirAsia sees Q3 profit lift

Thai AirAsia reported a profit increase in its third quarter to 729.2m baht (US$20.65m). The four-fold net profit lift was attributed to an increase in foreign visitors to Thailand and lower fuel costs. Revenue rose to 8.145b baht from last year’s 7.254b. Thai AirAsia carried 4.33m passengers in the quarter to end September, a 21% increase on 2015. Capacity in available seat km rose 20% and revenue (in revenue passenger km RPK) was up 23%. Load factor increased 3 percentage points to 84%.<br/>