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Bangkok Airways (BA) announces operating results quarter of 2016, net profit up by 44.9 percent

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Bangkok Airways Public Company Limited announces its operating results for the first quarter of 2016 which has amounted to a total revenue of 7,775.7 million baht, increasing from the same quarter last year by 15.5 percent and has reported a net profit at 1,574.6 million baht, up by 44.9 percent from the first quarter of the previous year.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL commented that, “In the first quarter, total revenue of the company was 7,775.7 million baht, increased by 15.5 percent from the same quarter of year 2015. Net profit was reported at the amount of 1,574.6 million baht, an increase of 487.9 million baht or 44.9 percent from the same period last year. The improving performance was mostly contributed to growth in number of passengers and better average fares together with declining fuel costs.”

Mr. Puttipong continues, “The number of passengers of Bangkok Airways rose by 10.5 percent for this quarter; the number of passengers from point-of-sale in Asia (excluding Thailand) was growing 18.2 percent which was largely supported by increasing number of passengers from point-of-sale in Singapore, Vietnam, Hong Kong, Myanmar and Taiwan. The average passenger load factor was increased from 71.9 percent the same quarter last year to 74.4 percent. Passenger yield per RPK was 5.44 baht, increased from previous year by 4.5 percent.

Recently, Bangkok Airways PCL has received brand-new aircrafts; 2 of ATR72-600 and 1 of Airbus A319. Therefore, Bangkok Airways’ fleet currently consists of 33 aircrafts; 13 ATR72-500s and ATR72-600s and 20 Airbus A319s and A320s. In additions, there will be 2-3 new aircrafts delivered to the company later this year.

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