Thai AirAsia reports strong double-digit profit growth in 1Q2016

Thai AirAsia revenue up 16% - financial highlights for three months ended 31-Mar-2016:

• Revenue: THB8953 million (USD251.1 million), +15.8% year-on-year;
• • Ancillary: THB1470 million (USD41.2 million), +16.6%;
• Gross profit: THB2489 million (USD69.8 million), +57.3%;
• Net profit: THB1832 million (USD51.4 million), +98.5%;
• Passenger numbers: 4.4 million, +18%;
• Load factor: 88%, +5 ppts;
• Revenue per ASK: THB1.80 (USD 5.05 cents), +3.4%;
• Cost per ASK: THB1.44 (USD 4.04 cents), -5.3%;
• Cost per ASK excl fuel: THB1.05 (USD 2.95 cents), +12.9%;
• Total assets: THB30,667 million (USD860.3 million);
• Total liabilities: THB21,558 million (USD605.3 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.028053