TAA banking on new units for income
Thai AirAsia (TAA) expects to earn 40% of the revenue it tallied in 2019 this year. It is also looking for additional income from new business units. Santisuk Klongchaiya, CE of TAA, attributed the decrease to international travel restrictions to stem the pandemic. The country needs travel bubbles to support the whole tourism industry, he said. Travel bubble discussions have stalled as global cases spike, making the airline worried the reopening plan will abruptly stop. In the first nine months this year, SET-listed Asia Aviation (AAV), the largest shareholder of TAA, reported 12.1b baht in total revenue, a 61% plunge year-on-year. Rigid travel restrictions since March 22 caused a 60% drop to 6.68m passengers. Santisuk said TAA will close this year with 9.3m passengers, down from 22.2m in 2019, while the average load factor is likely to stay at 75%, down from 85% last year. Total revenue last year closed at 41.6b baht. Domestic travel demand during the high season will push the average load factor up to 80% as local tourists cannot spend on trips abroad and seek domestic excursions instead. He said seat capacity for domestic services in January was 4m, and it aims to fill 3.94m seats in December.<br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2020-12-01/unaligned/taa-banking-on-new-units-for-income
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TAA banking on new units for income
Thai AirAsia (TAA) expects to earn 40% of the revenue it tallied in 2019 this year. It is also looking for additional income from new business units. Santisuk Klongchaiya, CE of TAA, attributed the decrease to international travel restrictions to stem the pandemic. The country needs travel bubbles to support the whole tourism industry, he said. Travel bubble discussions have stalled as global cases spike, making the airline worried the reopening plan will abruptly stop. In the first nine months this year, SET-listed Asia Aviation (AAV), the largest shareholder of TAA, reported 12.1b baht in total revenue, a 61% plunge year-on-year. Rigid travel restrictions since March 22 caused a 60% drop to 6.68m passengers. Santisuk said TAA will close this year with 9.3m passengers, down from 22.2m in 2019, while the average load factor is likely to stay at 75%, down from 85% last year. Total revenue last year closed at 41.6b baht. Domestic travel demand during the high season will push the average load factor up to 80% as local tourists cannot spend on trips abroad and seek domestic excursions instead. He said seat capacity for domestic services in January was 4m, and it aims to fill 3.94m seats in December.<br/>
