Bangkok Airways announces operating results for the first quarter of 2019: Total revenue 7,789.9 million baht, net profit 510.8 million baht

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BANGKOK, May 15, 2019 – Bangkok Airways Public Company Limited announces its operating results for the first quarter of 2019 which has achieved total revenue amounting to 7,789.9 million baht. The net profit was reported at 510.8 million baht.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited commented that, “In the first quarter, total revenue of the company was 7,789.9 million baht. The Net profit was reported at the amount of 510.8 million baht in which the profit attributable to the equity holder of the company was 504.3 million baht. Earnings per share equal to 0.24 baht. The total number of passengers in quarter 1 of 2019 was 1.73 million passengers and the passenger load factor was at 74.6 percent. For this quarter, the majority of passengers were from point-of-sale in Europe at 25.0 percent, in Thailand at 23.0 percent and in Asia excluding Thailand at 20.0 percent respectively.”

“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. 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. In addition to that, the company has 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.”

In the first quarter of 2019, Bangkok Airways launched new non-stop flight services between Bangkok-Cam Ranh (Vietnam) with 4 flights per week and Chiang Mai-Krabi (one way) with 3 flights per week. Additionally, the airline increased its flight frequency on various routes such as Bangkok-Danang (Vietnam) route from 7 flights per week to 14 flights per week, Bangkok-Mandalay (Myanmar) from 11 flights per week to 14 flights per week to facilitate its passengers and code-share partners.” added, Mr. Puttipong.