Asia

Bangkok Airways announces operating results for the nine-month period of 2015

Bangkok Airways

Bangkok Airways announced its operating results for the nine-month period of 2015 which has the total revenue amounting to 18,661.3 million baht in which net profit was reported at 1,779.7 million baht; up by 1,024.3 percent from the same period of the previous year.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL commented that:

“In the third quarter, total revenue of the company was 6,364 million baht, increased by 20.4 percent from the same period in the previous year. Net profit was reported at the amount of 590.8 million baht in which the profit attributable to the equity holder of the Company was 578.6 million baht. Earnings per share equal to 0.28 baht. The better operating performance was mainly based on higher average fare and increasing number of passengers. The number of passengers of Bangkok Airways increased by 12 percent for the third quarter of 2015 (1.3 million passengers.) Our load factor was at 67.6 percent for this quarter, increased 4.9 percent point from the same period last year. For the first nine-month period, the company had total revenue amounting to 18,661.3 million baht in which net profit was reported at 1,779.7 million baht; up by 1,024.3 percent. The total number of passengers of Bangkok Airways for the nine-month period of 2015 is 3.8 million passengers. The market that has the highest growth was the Middle East, North America and Asia.”

“The company has recently entered into a codeshare agreement with Emirates and Air Astana. This partnership does not only help Bangkok Airways create a greater connectivity between Europe via the Middle East and directly from Central Europe and Thailand, it also provides more choices to passengers as well as  increases the efficiency of our routes.

“In addition to that, starting from 1st of December 2015, we will increase our flight frequencies on Samui-Phuket route to 45 flights per week, Samui-Singapore route to 12 flights per week, Chiang Mai-Yangon route to 7 flights per week and Chiang Mai—Mandalay route to 4 flights per week. We are also currently in a talk with local carriers in the neighbor countries such as Vietnam, Myanmar and China about possibility of launching new services to new destinations” Mr. Puttipong added.

Recently, Bangkok Airways has been included in the top 50 airlines in the world by financial rating (ranked 24th). The evaluation and ranking was conducted by Airfinance Journal based in the United Kingdom.

Currently, Bangkok Airways has a total of 30 aircrafts; 11 of turbo-prop ATR72-500/600s, 19 of Airbus A319s/A320s.

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