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Thai AirAsia parent reports US$78 million quarterly profit
February 26th 2024
Asia Aviation Plc (AAV), parent company of Thai AirAsia (TAA), has booked a net profit of 2.8 billion baht (US$78 million) for the three months to December 31, a 10% decline from a 3.1 billion baht net profit in the same months in 2022. Read More » Revenue was higher by 20%, at 15.1 billion baht, AAV said in a regulatory filing. “In the fourth quarter, which is the high season, we saw a clear surge in tourism, especially in domestic tourism markets such as Chiang Mai, “AAV and TAA CEO, Santisuk Klongchaiya, said. AAV expects to carry between 20 million and 21 million passengers in the 2024 calendar year, compared with 18.9 million in fiscal 2023. Its operating fleet is planned to increase to 60 aircraft from 56 at last December 31.
