Bangkok Airways posts strong financial results for first quarter

posted on 15th May 2019 by Justin Burns

Bangkok Airways has reported strong financial results for the first quarter (Q1) of 2019 with revenue of 7,789.9 million baht (US$246 million) and net profit of 510.8 million baht.

The Thai-based carrier flew 1.73 million passengers in Q1 and the passenger load factor was 74.6 per cent across the Bangkok-based airline’s network.

President, Puttipong Prasarttong-Osoth said the majority of passengers were from point-of-sale in Europe at 25 per cent, in Thailand at 23 perc ent and in Asia excluding Thailand at 20 per cent respectively.

He said in February, the Civil Aviation Authority of Thailand approved the renewal of the company’s Airport Operator License (AOL). The license is valid for 10 years.

On its route network, Puttipong said in Q1, Bangkok Airways launched new non-stop flight services between Bangkok-Cam Ranh (Vietnam) with four flights per week and Chiang Mai-Krabi (one way) with three flights per week.

Additionally, the airline increased its flight frequency on various routes such as Bangkok-Danang (Vietnam) route from seven flights per week to 14 flights per week, Bangkok-Mandalay (Myanmar) from 11 flights per week to 14 flights per week.

In March 2019, Bangkok Air Aviation Training Center Company Limited (BATC), a subsidiary of Bangkok Airways Public Company Limited signed a partnership agreement with International Air Transport Association (IATA) on the establishment of IATA Regional Aviation Training Partner in Bangkok.

The company has also joined hands with BTS Group Holding Public Company Limited and Sino-Thai Engineering & Construction Public Company Limited and submitted the proposal under the name of “BBS Joint Venture” for the bidding of the U-Tapao International Airport and Eastern Aviation City Development project to the Royal Thai Navy, which is under the public private partnership.