Bangkok Airways EBIT increases 22% in 1Q2018

    Bangkok Airways reported (15-May-2018) the following financial highlights for the three months ended 31-Mar-2018:

    • Operating revenue: THB7805 million (USD246.8 million), +5.5% year-on-year;
      • Airlines: THB6272 million (USD198.3 million), +4.9%;
    • Total costs: THB6679 million (USD211.2 million), +2.9%;
      • Fuel: THB1158 million (USD36.6 million), +2.2%;
    • EBIT: THB1345 million (USD42.5 million), +21.7%;
    • Net profit: THB719.3 million (USD22.7 million), +27.3%;
    • Passengers: 1.8 million, +8.4%;
      • Domestic: 1.3 million, +9.3%;
      • International: 489,600, +6.0%;
    • Passenger load factor: 76.4%, +5.1ppt;
      • Domestic: 84.0%, +6.9ppt;
      • International: 67.5%, +3.0ppt;
    • Passenger yield: THB4.79 (USD 15.1 cents), -2.4%;
    • Revenue per ASK: THB3.95 (USD 12.5 cents), +5.6%;
    • Cost per ASK: THB3.30 (USD 10.4 cents), -1.8%;
    • Cost per ASK excl fuel: THB2.70 (USD 8.5 cents), stable;
    • Average stage length: 748.5 km, -1.3%;
    • Total assets: THB61,108 million (USD1932 million);
    • Cash and cash equivalents and current investments: THB11,104 million (USD351.1 million);
    • Total liabilities: THB29,668 million (USD938.2 million). [more – original PR]

    *Based on the average conversion rate at THB1 = USD0.031622