Thai AirAsia parent slips to loss in 2019
Thai AirAsia’s parent company posted an operating loss of Bt100m (US$3.14m) for the whole of 2019, as costs outpaced revenues. This contrasts with a Bt660m operating profit in 2018. Asia Aviation’s revenue for the year ended Dec 31 2019 rose 3% to Bt41.6b. The company attributed this to a 3% increase in passenger numbers, even as average fares remained flat while load factor was unchanged at 85%. Expenses were up by 5% to Bt41.7b, primarily due to higher costs associated with operating more flights and increased labour costs, the company said in its management and discussion analysis for the year. Net loss came in at Bt474m, reversing last year’s Bt70m net profit. During the year, revenue per ASK fell 4% to Bt1.49. Unit cost declined 2% to Bt1.55, but excluding fuel, this was up by 3% to Bt1.03. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-27/unaligned/thai-airasia-parent-slips-to-loss-in-2019
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Thai AirAsia parent slips to loss in 2019
Thai AirAsia’s parent company posted an operating loss of Bt100m (US$3.14m) for the whole of 2019, as costs outpaced revenues. This contrasts with a Bt660m operating profit in 2018. Asia Aviation’s revenue for the year ended Dec 31 2019 rose 3% to Bt41.6b. The company attributed this to a 3% increase in passenger numbers, even as average fares remained flat while load factor was unchanged at 85%. Expenses were up by 5% to Bt41.7b, primarily due to higher costs associated with operating more flights and increased labour costs, the company said in its management and discussion analysis for the year. Net loss came in at Bt474m, reversing last year’s Bt70m net profit. During the year, revenue per ASK fell 4% to Bt1.49. Unit cost declined 2% to Bt1.55, but excluding fuel, this was up by 3% to Bt1.03. <br/>
