Bangkok--14 Nov--เดอะ เวย์ คอมมิวนิเคชั่น
Asia Aviation PLC. (AAV) announced its 3Q12 results with revenues Baht 4,426 million and net profit (attributable to the parent) at Baht 108 million, growing 12.7% compared to the same period last year while focusing to further expand service in China and insisting better cost efficiencies from relocation to Don Mueang Airport.
Mr. Tassapon Bijleveld, Chief Executive Officer of Asia Aviation Plc. (AAV); major shareholder and management of leading low cost airline Thai AirAsia, revealed AAV 3Q12 results with revenues Baht 4,426 million and net profit (attributable to the parent) at Baht 108 million, a 12.7% growth compared to the same period last year. Revenues for the first 9-month of 2012 totaled Baht 10,481 million with net profit (attributable to the parent) at Baht 15,241 million which included gain on fair value in 2Q12 of Baht 14,690 million.
For 3Q12 operating performance, Thai AirAsia had a load factor of 82%, up 2 points from the same period last year. The airline carried approximately 2 million passengers in the third quarter or a 21.8% increase year-on-year. For the first 9-month of 2012, load factor was 82% as compared to 81% last year with 6 million passengers carried or up 19.6% year-on-year. The carrier acquired one additional Airbus A320 in 3Q12, bringing its fleet to 25 aircraft as of the end of the period.
“The continual expansion of the airline’s fleet has allowed it to grow on new routes and to increase more frequencies of major routes, especially for the Chinese market, the world’s most populous and rapidly growing market. As part of Thai AirAsia’s network expansion plan, the airline, this year, launched 3 new routes in China, namely, Chongqing, Wuhan and Xi’an, all of which are well-received by travelers,” said Mr. Tassapon.
Furthermore, Mr. Tassapon concluded that Thai AirAsia’s moving its hub to Don Mueang Airport since1 October 2012 has allowed the airline to better manage costs and efficiencies as the airport has less congestion and has facilities suitable for low-cost airline operator. He also noted that Don Mueang Airport’s closer to central Bangkok proximity has allowed more convenience especially to domestic passengers. Such move has marked another milestone on AAV achievements.