13-May-2016 12:22 PM

Thai AirAsia net income up on traffic growth and lower fuel costs in 1Q2016

Thai AirAsia attributed (12-May-2016) a 99% year-on-year increase in net income in 1Q2016 to a 16% increase in revenue driven by an 18% increase in passenger numbers and a significant decrease in fuel costs. Fuel cost per ASK decreased 34%. Ancillary revenues increased 17%, mainly through increased checked baggage fees, online processing fees and inflight meal revenues. The average airfare increased 2%. A 5ppt increase in load factor to a record 88% was attributed to growth in Thailand's tourism industry. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More