AAV Announces Q3/2017 Operating Results Net Profit Baht 261 Million, 4.93 Million Passengers Served Add 4 New Bangkok to Maldives, Jaipur, Tiruchirappalli and U-Tapao to Hangzhou

Stocks and Financial Services Press Releases Friday November 10, 2017 18:35
Bangkok--10 Nov--Asia Aviation

Asia Aviation Plc. (AAV), majority shareholder of Thai AirAsia (TAA), reports its operating results for Quarter 3 of 2017 with AAV achieving revenues of Baht 8,734 Million and net profit of Baht 261 Million and TAA achieving revenues of Baht 8,734 Million and net profit of Baht 472 Million, serving 4.93 passengers, up 14 percent, while maintaining a load factor of 85 percent, up 1 percentage point year-on-year, ending the quarter with a fleet of 54 aircraft.

Mr. Tassapon Bijleveld, CEO of AAV and Thai AirAsia, stated that TAA launched 4 new routes in Q3/2017, flying from Bangkok to Maldives, Jaipur (India), Tiruchirappalli (India), and from Pattaya (U-Tapao) to Hangzhou (China), with all routes well-received. Moreover, the airline increased frequency on its Chiang Mai- Pattaya (U-Tapao), Bangkok-Chiang Mai, and Bangkok-Phitsanulok routes to accommodate growing domestic travel.

TAA added new ways to travel such as its ""Pre-Dawn Flights"", which were introduced on the popular Bangkok to Chiang Mai and Bangkok to Phuket routes and allowed passengers to fly before 05.00 a.m., serving both Fly-Thru and early-bird travellers well while also offering increased savings. TAA's ""AirAsia Red Carpet"" service meanwhile responded to the needs of travellers looking for convenience and speed by offering them a special check-in counter, lounge access, priority boarding and baggage claim.

TAA will continue to focus on growing new routes and frequencies of existing routes in the fourth quarter of 2017. The number of passengers carried for the year 2017 is expected to be over 19.5 million with the final quarter to be the travel season (TAA served 14.48 million passengers for the first nine months of 2017).


Latest Press Release

Photo Release: EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs to New Frontiers Market Penetration and Sharpening new SME Exporters Global Competitive Edge

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), announced on the Bank's 25th anniversary, at EXIM Thailand's Head Office on February 21, 2019 that EXIM Thailand is ready to play its role in bridging the business...

Photo Release: Sansiri debentures worth 5.5 billion Baht are offered for subscription via four major banks until February 26

Mr. Apichart Chutrakul (center) Chief Executive Officer, Sansiri PCL., Mr. Thiti Tantikulanan (2nd from left), Capital Markets Business Division Head, KASIKORNBANK, Mr. Narin Opamuratawongse (left), Executive Vice President and Manager, Investment...

New World Development จับมือ ASTRI สร้างแพลตฟอร์มบล็อกเชนสำหรับซื้ออสังหาริมทรัพย์แพลตฟอร์มแรกของฮ่องกง โดยมี BOCHK เป็นธนาคารแห่งแรกที่เข้าร่วม

New World Development Company Limited (NWD) ประกาศว่า บริษัทได้สร้างแพลตฟอร์มบล็อกเชนสำหรับซื้ออสังหาริมทรัพย์แพลตฟอร์มแรกของฮ่องกง ร่วมกับ Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) โดยมี Bank of China (Hong...

LGT opens wealth management office in Thailand for high net worth investors

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, today announced the opening of its wealth management business in Thailand, following the successful award of regulatory approvals. Located in...

EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs Opportunities in New Frontiers

EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs' Opportunities in New Frontiers and Product and Knowledge Base Development to Enhance SME Exporters' Global Competitiveness Mr. Pisit Serewiwattana, President of Export-Import Bank of...

Related Topics