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Asia Aviation Plc reports US$230 million annual loss at Thai AirAsia
February 27th 2023
Asia Aviation Plc (AAV), which aims to more than double its passenger traffic to 20 million in 2023, has announced its 100% owned LCC, Thai AirAsia (TAA), widened net losses in 2022 to 8 billion baht (US$230 million) from a 6.6 billion baht net loss in fiscal 2021. Read More » However, revenue improved 306%, to 18.3 billion baht, AAV said in a regulatory filing. “The worst is over on many fronts, be it the pandemic, soaring fuel costs from international conflicts or currency fluctuations,” AAV and TAA CEO, Santisuk Klongchaiya, said. “Our priority is to return to or near our pre-COVID position in passengers carried and cost efficiencies achieved. The immediate objective is improved cash flows.”
