Bangkok Airways announces profits

business August 15, 2018 15:54

By The Nation

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Bangkok Airways Public Company Limited (BA) announces its operating results for the first six months of 2018 with total revenue amounting to Bt14 billion.



The net profit was reported at Bt637.3 million, up by 4.5 per cent compared to the same period of 2017.

Puttipong Prasarttong-Osoth, BA president, said: “For the six months, the company has total revenue amounting to Bt14,061 million, increased by 4.5 per cent which was due to a 2.3 percentage growth in airline business, 7.3 percentage growth in both airport business and airport-related businesses, excluding cargo services. 

"The significantly increased amount derived from airport-related businesses which contribute from rising number of flights landing at Suvarnabhumi airport, together with new airline customers they engaged during the six-month period. 

"In addition, the increasing revenue was from dividend received and gained on the exchange rate. As a result, the company’s net profit for the first six months was reported at Bt637.3 million, increased from the same period last year from Bt592.9 million of which profit attributable to the equity holder of the company was Bt627.5 million,” Puttipong said. 

"Earnings per share were Bt0.3.”

In the second quarter of 2018, the company increased its flight frequency on the Bangkok-Mandalay route from seven to 11 flights per week. 

"Moreover, the company entered into codeshare agreements with Oman Air and Laos Airlines. The new partnership with Oman Air helps facilitate their passengers to conveniently connect with destinations in Thailand such as Chiang Rai, Chiang Mai, Phuket, Krabi, Lampang, Trat, Sukhothai and Samui. 

"The partnership with Laos Airlines allows the company to provide passengers of Laos Airlines more convenient and seamless access to Bangkok, Vientiane, Luang Prabang and Pakse.  

"Bangkok Airways has 26 airline partners which contributed revenue from codeshare and interline sales by 23 per cent of total passenger revenue.

“In the second quarter, Bangkok Airways implemented five new online payment channels: Line Pay, WeChat, AliPay, Union Pay and an instalment payment plan for certain credit card providers,” added Puttipong.