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Thai AirAsia slumps to quarterly loss amid tourism slowdown
November 17th 2025
Asia Aviation Public Company (AAV), the parent of Thai AirAsia (TAA) has reported a net loss of 874.7 million baht (US$27 million) for the three months to September 30 2025, compared with a net profit of 3.4 billion baht in the same three months in 2024. Read More » Revenue fell 35% to 9.9 billion baht, AAV said in a regulatory filing. The company said the financial results reflected the impact of the low season for travel and a slowdown in the tourism sector. "Our third-quarter performance reflects the seasonal nature of the business and the economy that has yet to fully recover," AAV and TAA CEO, Santisuk Klongchaiya, said. "Nevertheless, we continue to exercise strict cost discipline while enhancing flexibility in fleet and network management to capture the expected strong rebound in travel demand towards the year-end, in both domestic and international markets." Looking ahead, Santisuk said the LCC was "confident that performance will improve in the fourth quarter, which is the peak travel season".
