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Thai AirAsia forecasts passengers flown to hit 20 million by December
November 15th 2023
Thai AirAsia (TAA) is on track to fly 20 million passengers for calendar 2023 from strong air travel demand and the positive impact of government policies encouraging foreign visitors to nations served by TAA. Read More » “The company remains confident it will carry 20 million passengers for the full year, having flown 13.8 million guests in the first nine months of 2023,” TAA said. “In the final quarter of 2023, Thai AirAsia will be adjusting its strategy and increasing domestic flights by 20% over the previous quarter and adding international routes to India’s Gaya, Guwahati and Ahmedabad and China’s Shantou to capitalise on international travel growth opportunities.” TAA CEO, Santisuk Klongchaiya, who is also CEO of the LCC's parent company Asia Aviation Plc, said the airline “continued to perform robustly” in the three months to September 30 compared with the same quarter last year despite higher fuel costs and a weaker Thai baht. “I believe the company will experience improved performance in the last quarter when we enter the high travel season,” Santisuk said. “We will be making the domestic market a key focus, where we have strong capacity and are a market leader while adapting our strategy internationally. The last quarter will benefit from state policies supporting tourism, such as the Visa-Free schemes for visitors to Thailand from China, Kazakhstan, India and Taiwan that was rolled out last month alongside more efforts to bolster confidence in Thai tourism.” On November 13, AAV reported a 1.7 billion baht (US$47 million) net loss for the September quarter compared with a net loss of 4.1 billion baht in the previous year.
