Thai AirAsia attributes 2Q2014 results to decreased fare prices

Thai AirAsia attributed (20-Aug-2014) its operating loss and decreased profit after tax in 2Q2014 to reduced revenue from a 14% year-on-year decrease in average fares. The lower fares were mainly due to reduced passenger travel caused by the political situation in Thailand, aircraft depreciation costs and public relations and marketing spending. The airline reported a "solid" average load factor of 78% and its ancillary income per passenger increased 8% to THB341 (USD10.7). CASK increased 2% due to a 10% increase in average fuel price. Non-fuel CASK decreased 1%. [more - original PR]