Financial Round Up
Bangkok Airways profitable
May 25th 2015
Suvarnabhumi-based Bangkok Airways has posted a first-quarter net income of 1.1 billion baht ($33 million), up sharply from 526 million baht in the corresponding year-ago period. Read More »
The airline’s president, Puttipong Prasarttong-Osoth, cited Thailand’s economic and political recovery, the lower oil price, and business strategy maintenance for the results. “In addition, the Department of Civil Aviation of Thailand granted Koh Samui Airport an increase in flight operating allowances to 50 flights a day. That meant we could increase frequency on the Samui-Singapore route from seven to 10 flights per week, and the Samui-Kuala Lumpur route from seven to 11 flights per week,” he said.
Last week, national carrier, Thai Airways International (THAI), and its budget subsidiary, Nok Air, reported first-quarter profit surges to 4.54 billion baht ($139 million) and 55.6 million baht ($1.66 million), respectively.
