Bangkok Air posts net loss of THB157m
Bangkok Airways turned red in Q3, a reversal from a strong result seen a year ago, as it felt the impact of fierce market competition and higher costs. The carrier posted a net loss of THB157m (US$4.76m) in July-September compared with THB681m in net profit made in the same period last year. Weakening its Q3 bottom line were a 20.7% surge in expenses, higher fuel costs spurred by rising oil prices, an increase in excise tax on fuel for domestic flights, and THB69.6m in foreign exchange loss. The airline's revenue was up by 2.6% to THB6.87b as it carried 6.9% more passengers to record 1.52m, up from 1.42m in the previous period. But its load factor fell to 69.4% from 70.3% a year ago. Passenger yields also fell to THB4.33 per passenger kilometre from THB4.82 earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-16/unaligned/bangkok-air-posts-net-loss-of-thb157m
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Bangkok Air posts net loss of THB157m
Bangkok Airways turned red in Q3, a reversal from a strong result seen a year ago, as it felt the impact of fierce market competition and higher costs. The carrier posted a net loss of THB157m (US$4.76m) in July-September compared with THB681m in net profit made in the same period last year. Weakening its Q3 bottom line were a 20.7% surge in expenses, higher fuel costs spurred by rising oil prices, an increase in excise tax on fuel for domestic flights, and THB69.6m in foreign exchange loss. The airline's revenue was up by 2.6% to THB6.87b as it carried 6.9% more passengers to record 1.52m, up from 1.42m in the previous period. But its load factor fell to 69.4% from 70.3% a year ago. Passenger yields also fell to THB4.33 per passenger kilometre from THB4.82 earlier. <br/>
