Thai AirAsia Studies Q2 and H1 2024 Outcomes; Confirms Full-Yr Targets

Darkish/Gentle Mode
(15/08/24)
 Asia Aviation (AAV), the only real shareholder of
Thai AirAsia, has reported operational outcomes for the primary
half of 2024 with income from gross sales and providers at Baht 25,279
million, up 32 p.c year-on-year (y-o-y).

Revenue
from core operations was Baht 1,950 million, a big
enhance of 1,015% from Baht 175 million. EBITDA was
Baht 5,003 million, up 41 p.c y-o-y.

By means of the primary half of 2024, Thai AirAsia transported
10.4 million clients, a 13 p.c enhance y-o-y, leading to a mean load issue of 92 p.c.
Through the interval, the provider additionally expanded its fleet to 57
plane.

“Thailand’s
tourism business was on an uptrend within the second quarter of 2024
in comparison with the identical interval final 12 months with travellers
from China, Malaysia, and India making up the highest three arrivals
to the nation,” mentioned Khun Santisuk Klongchaiya, Chief Government Officer of
Asia Aviation and Thai AirAsia. “TAA was the primary airline utilized by all three
nationalities because of its robust community connecting Thailand to
China on 12 routes and 11 routes to India.”

Thai AirAsia plane at DMK. Image by Steven Howard of TravelNewsAsia.com

Q2 2024 was on the tail finish of Thailand’s tourism
season however AAV was capable of preserve a passable efficiency,
attaining a income of Baht 11,485 million, up 14 p.c y-o-y.

EBITDA within the quarter was Baht 1,909 million, up 5 p.c from
the corresponding interval final 12 months.

Resulting from trade price
fluctuations in Q2 2024, the corporate skilled a international
trade lack of Baht
226 million however was nonetheless capable of report a internet revenue of
Baht 84 million that was primarily supported by bettering operational
efficiency.

“The common load think about Q2 2024 was a excessive 91
p.c with 5 million company flown. Thai AirAsia has remained a frontrunner in
home aviation with a notable 39 p.c market share, whereas in
the worldwide market, we launched a number of new routes,
together with Don Mueang to Visakhapatnam (India) and Okinawa (Japan),
and utilised the Fifth Freedom proper to introduce flights from Don
Mueang with stopovers in Taipei and Kaohsiung earlier than arriving in
Okinawa and Tokyo, Japan,” Khun Santisuk mentioned.

Within the latter half of 2024, the corporate is about to
proceed striding ahead. Final month, Thai AirAsia launched Don
Mueang-Lampang following the Lampang Airport improve whereas additionally
including worldwide routes similar to Don Mueang to Phu Quoc
(Vietnam) and Hyderabad (India), and Phuket to Siem Reap
(Cambodia), Chennai (India), and Kolkata (India).

The Indian
locations resulted from profitable negotiations for aviation
privileges between Thailand and India carried out by the Civil
Aviation Authority of Thailand.

Total, the corporate is sustaining a goal to
serve 20-21 million company this 12 months and to develop income by 20-23
p.c whereas increasing its fleet to 60 plane.

Thai AirAsia has
already taken supply of two further Airbus A321neo plane
which characteristic a seat capability of 236, up 56 seats from the
180-seat Airbus A320. The brand new plane assist to cut back operational
prices and gas consumption whereas providing extra income making
seats.

Newest
unique video interviews: Way forward for Air Journey –
Interview with Sumesh Patel, President of SITA Asia Pacific; Miss
Worldwide Queen 2024 (MIQ 2024) – Interview with Alisa
Phanthusak, MD, Tiffany’s Present Pattaya, Thailand; 16
HD Video Interviews from Routes Europe 2024 in Aarhus, Denmark;
9 HD Video Interviews from Routes Asia 2024 in Langkawi, Malaysia;

Normal to Open Residences in Hua Hin and Phuket, Thailand; Video
Interview with Amar Lalvani, Government Chairman;
9 Unique Video Interviews
from ASEAN Tourism Discussion board
2024
in Vientiane, Laos;


8 NTO Press Conferences from ASEAN Tourism Discussion board 2024 in
Vientiane, Laos;

13 HD Video Interviews from World Journey
Market 2023 in London, England;

5 HD Video Interviews from APG World Join 2023 in Monaco, France;
and

15 HD Video Interviews from Routes World 2023 in Istanbul, Türkiye.