(15/08/24) Asia Aviation (AAV), the only real shareholder of Thai AirAsia, has reported operational outcomes for the primary half of 2024 with income from gross sales and companies at Baht 25,279 million, up 32 % year-on-year (y-o-y).
Revenue from core operations was Baht 1,950 million, a major improve of 1,015% from Baht 175 million. EBITDA was Baht 5,003 million, up 41 % y-o-y.
Via the primary half of 2024, Thai AirAsia transported 10.4 million prospects, a 13 % improve y-o-y, leading to a median load issue of 92 %. Through the interval, the service additionally expanded its fleet to 57 plane.
“Thailand’s tourism industry was on an uptrend in the second quarter of 2024 compared to the same period last year with travellers from China, Malaysia, and India making up the top three arrivals to the country,” mentioned Khun Santisuk Klongchaiya, Chief Govt Officer of Asia Aviation and Thai AirAsia. “TAA was the main airline used by all three nationalities due to its strong network connecting Thailand to China on 12 routes and 11 routes to India.”
Thai AirAsia plane at DMK. Image by Steven Howard of TravelNewsAsia.com
Q2 2024 was on the tail finish of Thailand’s tourism season however AAV was capable of preserve a passable efficiency, reaching a income of Baht 11,485 million, up 14 % y-o-y.
EBITDA within the quarter was Baht 1,909 million, up 5 % from the corresponding interval final yr.
Because of change fee fluctuations in Q2 2024, the corporate skilled a international change lack of Baht 226 million however was nonetheless capable of report a internet revenue of Baht 84 million that was primarily supported by enhancing operational efficiency.
“The average load factor in Q2 2024 was a high 91 percent with 5 million guests flown. Thai AirAsia has remained a leader in domestic aviation with a notable 39 percent market share, while in the international market, we launched several new routes, including Don Mueang to Visakhapatnam (India) and Okinawa (Japan), and utilised the Fifth Freedom right to introduce flights from Don Mueang with stopovers in Taipei and Kaohsiung before arriving in Okinawa and Tokyo, Japan,” Khun Santisuk mentioned.
Within the latter half of 2024, the corporate is ready to proceed striding ahead. Final month, Thai AirAsia launched Don Mueang-Lampang following the Lampang Airport improve whereas additionally including worldwide routes corresponding to Don Mueang to Phu Quoc (Vietnam) and Hyderabad (India), and Phuket to Siem Reap (Cambodia), Chennai (India), and Kolkata (India).
The Indian locations resulted from profitable negotiations for aviation privileges between Thailand and India carried out by the Civil Aviation Authority of Thailand.
General, the corporate is sustaining a goal to serve 20-21 million visitors this yr and to develop income by 20-23 % whereas increasing its fleet to 60 plane.
Thai AirAsia has already taken supply of two further Airbus A321neo plane which function a seat capability of 236, up 56 seats from the 180-seat Airbus A320. The brand new plane assist to cut back operational prices and gasoline consumption whereas providing extra income making seats.
