Thai AirAsia operating profit declines in 4Q2015, positive growth in FY2015

Thai AirAsia revenue down 3% - financial highlights

• Three months ended 31-Dec-2015:
• • Revenue: THB7679 million (USD214.2 million), -2.5% year-on-year;
  • Costs:
  • • Fuel: THB2490 million (USD69.5 million), -21.5%;
  • Operating profit: THB585.2 million (USD16.3 million), -31.6%;
  • Profit after tax: THB543.0 million (USD15.1 million), -32.1%;
  • Passenger numbers: 4.0 million, +17%;
  • Load factor: 82%, +3 ppts;
  • Average fare: THB1586 (USD44.2), -18.3%;
  • Revenue per ASK: THB1.59 (USD 4.4 cents), -11.7%;
  • Cost per ASK: THB1.47 (USD 4.1 cents), -8.1%;
  • Cost per ASK excl fuel: THB0.95 (USD 2.7 cents), +8.0%;
  • Average stage length: 988km, -2%;
• 12 months ended 31-Dec-2015:
• • Revenue: THB29,594 million (USD864.2 million), +16.7%;
  • Costs:
  • • Fuel: THB9830 million (USD287.0 million), -12.8%;
  • Operating profit: THB2801 million (USD81.8 million), +832%;
  • Profit after tax: THB2014 million (USD58.8 million), +485%;
  • Passenger numbers: 14.8 million, +22%;
  • Load factor: 81%, +1 ppt;
  • Average fare: THB1669 (USD48.7), -3.3%;
  • Revenue per ASK: THB1.63 (USD 4.8 cents), -0.6%;
  • Cost per ASK: THB1.48 (USD 4.3 cents), -8.6%;
  • Cost per ASK excl fuel: THB0.94 (USD 2.7 cents), +5.6%;
  • Average stage length: 995km, -1%;
  • Total assets: THB29,100 million (USD849.7 million);
  • Cash and short-term deposits: THB7558 million (USD220.7 million);
  • Total liabilities: THB21,752 million (USD635.2 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.0279 for three months ended 31-Dec-2015
*Based on the average conversion rate at THB1 = USD0.0292 for 12 months ended 31-Dec-2015