Bangkok Airways operating profit almost doubles in 2Q2016

Bangkok Airways revenue up 9% - financial highlights:

• Three months ended 30-Jun-2016:
• • Total revenue: THB6055 million (USD171.7 million), +8.8% year-on-year;
  • • Passenger: THB4345 million (USD123.2 million), +9.0%;
    • Sales and service income: THB800.6 million (USD22.7 million), +6.4%;
    • Passenger service charge: THB123.9 million (USD3.5 million), +1.5%;
  • Total costs: THB5301 million (USD150.3 million), +1.9%;
  • Profit before finance cost and tax: THB911.9 million (USD25.9 million), +94.2%;
  • Net profit (loss): (THB111.9 million) (USD3.2 million), compared to a profit of THB102.2 million (USD3.1 million) in p-c-p;
  • Passenger numbers: 1.2 million, +11.5%;
  • • Domestic: 881,200, +10.0%;
    • International: 358,000, +15.3%;
  • Passenger load factor: 64.5%, +4.6 ppts;
  • • Domestic: 67.1%, +6.6 ppts;
    • International: 61.3%, +2.4 ppts;
  • Passenger yield^: THB4.63 (USD 13.13 cents), -1.9%;
  • Revenue per ASK: THB3.33 (USD 9.44 cents), +9.2%;
  • Cost per ASK: THB3.20 (USD 9.08 cents), stable;
• Six months ended 30-Jun-2016:
• • Total revenue: THB13,830 million (USD390.1 million), +12.5%;
  • • Passenger: THB10,484 million (USD295.7 million), +11.0%;
    • Sales and service income: THB1680 million (USD47.4 million), +8.3%;
    • Passenger service charge: THB301.6 million (USD8.5 million), +12.3%;
  • Total costs: THB10,986 million (USD309.9 million), +5.0%;
  • Profit before finance cost and tax: THB3172 million (USD89.5 million), +54.2%;
  • Net profit: THB1463 million (USD41.3 million), +23.0%;
  • Passenger numbers: 2.8 million, +10.8%;
  • • Domestic: 2.0 million, +10.3%;
    • International: 792,900, +12.1%;
  • Passenger load factor: 69.6%, +3.6 ppts;
  • • Domestic: 74.2%, +5.6 ppts;
    • International: 63.7%, +1.2 ppt;
  • Passenger yield^: THB5.08 (USD 14.33 cents), +1.8%;
  • Revenue per ASK: THB3.89 (USD 10.97 cents), +11.1%;
  • Cost per ASK: THB3.25 (USD 9.17 cents), +2.5%;
  • Total assets: THB60,593 million (USD1709 million);
  • Cash and cash equivalents: THB4022 million (USD113.4 million);
  • Total liabilities: THB27,423 million (USD773.5 million). [more - original PR]

^Scheduled passenger revenues excluding fuel surcharge, insurance surcharge and excess baggage divided by RPKs
*Based on the average conversion rate at THB1 = USD0.028360 for 2Q2016
*Based on the average conversion rate at THB1 = USD0.030083 for 2Q2015
*Based on the average conversion rate at THB1 = USD0.028206 for 1H2016