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16-Aug-2016 9:49 AM

Thai AirAsia net profit doubles in 2Q and 1H2016

Thai AirAsia revenue up 13% - financial highlights:

  • Three months ended 30-Jun-2016:
    • Revenue: THB7756 million (USD219.9 million), +12.6% year-on-year;
      • Ancillary: THB1324 million (USD37.5 million), +17%;
    • Operating profit: THB800.9 million (USD22.7 million), +77.5%;
    • Net profit: THB767.6 million (USD21.8 million), +105%;
    • Passenger numbers: 4.2 million, +18%;
    • Load factor: 83%, +3 ppts;
    • Revenue per ASK: THB1.51 (USD 4.3 cents), -3%;
    • Cost per ASK: THB1.39 (USD 3.9 cents), -6%;
    • Cost per ASK excl fuel: THB1.00 (USD 2.8 cents), +6%;
  • Six months ended 30-Jun-2016:
    • Revenue: THB16,708 million (USD471.3 million), +14.3%;
    • Operating profit: THB2854 million (USD80.5 million), +71.0%;
    • Net profit: THB2599 million (USD73.3 million), +100%;
    • Passenger numbers: 8.5 million, +18%;
    • Load factor: 85%, +4 ppts;
    • Revenue per ASK: THB1.65 (USD 4.7 cents), stable;
    • Cost per ASK: THB1.41 (USD 4.0 cents), -6%;
    • Cost per ASK excl fuel: THB1.02 (USD 2.9 cents), +10%;
    • Total assets: THB30,653 million (USD864.6 million);
    • Total liabilities: THB20,796 million (USD58,657 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.028359 for 2Q2016
*Based on the average conversion rate at THB1 = USD0.028206 for 1H2016

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