Bangkok Airways Announces Q1 2017 Operating Results
16th May 2017
Announcing its operating results for the first quarter of this year, Bangkok Airways reported a net profit of 565 million baht, as well as total revenue up to 7,469 million baht. In addition, average passenger load factor for the Q1 2017 was 71.3%.
Speaking about these results, Bangkok Airways President Puttipong Prasarttong-Osoth said:
In the first quarter of 2017, total revenue of the company was 7,469 million baht. The Net profit was reported at the amount of 565 million baht in which the profit attributable to the equity holder of the company was 548.4 million baht, earnings per share equal to 0.26 baht. In this quarter, company’s passenger yield per RPK was 4.91 Baht while the growth in number of passengers rose by 2.7 percent.
Furthermore, the airport-related businesses of the company including catering services and ground services, overall performance positively grew from the same period of 2016 by 11.9 percent which was mainly derived from 14.4 growths in revenue of Bangkok Air Catering (BAC) when compared to the first quarter of 2016. The increased revenue was derived from additional airline customers. For ground services, the revenue grew by 10.4 percent while the number of flights grew by 9.7 percent compared to the same period of 2016.
Mr. Puttipong also talked about some of the new services and routes that BA is operating since 2017:
Earlier this year, Bangkok Airways launched its non-stop flight service between Samui and Guangzhou (China) with 7 flights per week. In addition to that, in the first quarter, the airline increased its flight frequency on various routes such as Bangkok-Danang (Vietnam) route from 4 flights per week to 7 flights per week, Chiang Mai-Mandalay (Myanmar) from 4 flights per week to 7 flights per week, Chiang Mai-Mae Hong Son from 10 flights per week to 14 flights per week.
Finally, he touched on Bangkok Airways becoming the first Thai airline to get a new Air Operation Certificate (AOC) for the Civil Aviation Authority of Thailand (CAAT) in February and what this means for the airline:
In February 2017, Bangkok Airways became the first airline in Thailand to receive this new air operation certificate (AOC) in accordance with ICAO standards from the Civil Aviation Authority of Thailand. Receiving this certificate demonstrates that Bangkok Airways’ operational management and control systems are rising up to the highest standards and are internationally recognized.