Bangkok Airways remains in the red in 2Q2018, EBIT loss narrows

    Bangkok Airways reported (14-Aug-2018) the following financial highlights:

    • Three months ended 30-Jun-2018:
      • Total revenue: THB6342 million (USD198.3 million), +6.0% year-on-year;
        • Airlines: THB4259 million (USD133.2 million), -1.3%;
          • Passengers: THB4205 million (USD131.5 million), -1.2%;
          • Cargo: THB53.2 million (USD1.7 million), -3.3%;
      • Total costs: THB6176 million (USD193.1 million), -0.6%;
      • EBIT (loss): (THB205.9 million) (USD6.4 million), compared to a loss of THB397.2 million in p-c-p;
      • Net profit (loss): (THB82.0 million) (USD2.6 million), compared to a loss of THB520.6 million in p-c-p;
      • Passengers: 1.3 million, -2.4%;
        • Domestic: 852,300, -7.0%;
        • International: 412,300, +8.9%;
      • Passenger load factor: 63.4%, +0.7ppt;
        • Domestic: 64.4%, -1.9ppt;
        • International: 62.3%, +3.7ppt;
      • Passenger yield: THB4.14 (USD 12.9 cents), -2.6%;
      • Revenue per ASK: THB3.02 (USD 9.4 cents), +3.4%;
      • Cost per ASK: THB3.34 (USD 10.4 cents), -0.6%;
      • Cost per ASK excl fuel: THB2.67 (USD 8.3 cents), -2.9%;
      • Average stage length: 801.8 km, +1.2%;
    • Six months ended 30-Jun-2018:
      • Total revenue: THB14,061 million (USD442.1 million), +4.5%;
        • Airlines: THB10,531 million (USD331.1 million), +2.3%;
          • Passengers: THB10,428 million (USD327.9 million), +2.4%;
          • Cargo: THB103.4 million (USD3.3 million), -9.1%;
      • Total costs: THB12,743 million (USD400.7 million), +0.3%;
        • Fuel: THB2221 million (USD69.8 million), +3.8%;
      • EBIT: THB1251 million (USD39.3 million), +76.7%;
      • Net profit: THB637.3 million (USD20.0 million), +1336%;
      • Passengers: 3.0 million, +3.6%;
        • Domestic: 2.1 million, +2.1%;
        • International: 901,900, +7.3%;
      • Passenger load factor: 70.1%, +3.0ppt;
        • Domestic: 74.8%, +2.9ppt;
        • International: 64.9%, +3.3ppt;
      • Passenger yield: THB4.51 (USD 14.2 cents), -2.2%;
      • Revenue per ASK: THB3.50 (USD 11.0 cents), +4.8%;
      • Cost per ASK: THB3.35 (USD 10.5 cents), -0.3%;
      • Cost per ASK excl fuel: THB2.68 (USD 8.4 cents), -1.5%;
      • Average stage length: 770.8 km, -0.3%;
      • Total assets: THB61,310 million (USD1928 million);
      • Cash and cash equivalents: THB8153 million (USD256.4 million);
      • Total liabilities: THB29,628 million (USD931.6 million). [more – original PR]

    *Based on the average conversion rate at THB1 = USD0.031264 for 2Q2018
    *Based on the average conversion rate at THB1 = USD0.031442 for 1H2018