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Bangkok Airways losses increase in March quarter
May 19th 2022
Bangkok Airways has reported a net loss of 1.02 billion baht (US$29.5 million) for the three months to March 31, compared with a net loss of 745.6 million baht in the same three months in 2021. Read More » Revenue grew by 25.1%, to 1.7 billion baht, the regional carrier informed the Stock Exchange of Thailand in a regulatory filing earlier this week. Costs increased 22.3%, to 2.5 billion baht. “For Thailand’s tourism, the international tourism market during January-March 2022 experienced high expansion compared with the same period in 2021,” Bangkok Airways said. “In the first quarter of year, the company increased flight frequencies to support rising travel demand after the government relaxed travel restriction and quarantine measures in February.”
