News
AirAsia Thailand reports US$289 million 2020 loss
February 24th 2021
AirAsia Thailand posted a net loss of 8.67 billion baht (US$289 million) for calendar 2020, a deterioration from a net loss of 872 million baht in 2019, accounts published today by the airline's major shareholder, Asia Aviation Public Company Ltd (AAPC), showed. Read More » The LCC’s revenue declined 61%, to 16.24 billion baht, from 412.53 billion baht previously, AAPC said. Passenger numbers were down 57%, to 9.5 million, from 22.2 million in the same months a year ago. AirAsia Thailand was not planning to accept new aircraft in 2021 and expected to reduce its fleet due to "retirement and reallocation within the AirAsia Group". Its fleet was expected to be 54 aircraft by the end of 2021, from 62 aircraft at December 31, 2020. "The reduction in fleet size aligns with forecast demand from COVID-19, which will take time to go back to normal," AAPC said.
The LCC plans to operate a full schedule from its Bangkok hub from next month and operate a domestic schedule across Thailand from April as travel restrictions are relaxed in Thailand. "We are very pleased with the close cooperation of all parties and the improving situation in major tourism cities such as Chiang Mai, Nan, Nakhon Panom, Udon Thani, Krabi and Phuket, which have lifted their 14-day quarantine requirement," AirAsia Thailand CEO, Santisuk Klongchaiya, said. “The positive sign, coupled with growing confidence in travel among the public has prompted Thai AirAsia to reintroduce flights." Thailand celebrates its annual Songkran festival in April.
