Thai AirAsia reports USD100m operating loss in 1H2020

11 August, 2020

Thai AirAsia reported (11-Aug-2020) the following financial highlights:

  • Three months ended 30-Jun-2020:
    • Total revenue: THB2221 million (USD70.3 million), -78% year-on-year;
    • Total costs: THB4022 million (USD127.3 million), -63%;
    • Operating profit (loss): (THB1801 million) (USD57 million), compared to a loss of THB799.2 million in p-c-p;
    • Net profit (loss): (THB2076 million) (USD65.7 million), compared to a loss of THB879.1 million in p-c-p;
    • Average fare: THB1031 (USD32.62), -26%;
    • Revenue per ASK: THB0.81 (USD0.03), -42%;
    • Cost per ASK: THB12.63 (USD0.40), +704%;
    • Cost per ASK excl fuel: THB10.48 (USD0.33), +927%;
  • Six months ended 30-Jun-2020:
    • Total revenue: THB9675 million (USD306.1 million), -55%;
    • Total costs: THB12,847 million (USD406.5 million), -40%;
    • Operating profit (loss): (THB3171 million) (USD100.3 million), compared to a profit of THB324.8 million in p-c-p;
    • Net profit (loss): (THB3299 million) (USD104.4 million), compared to a profit of THB23.8 million in p-c-p;
    • Average fare: THB1379 (USD43.63), -6%;
    • Revenue per ASK: THB1.56 (USD0.05), +4%;
    • Cost per ASK: THB2.53 (USD0.08), +64%;
    • Cost per ASK excl fuel: THB1.87 (USD0.06), +85%;
    • Total assets: THB51,168 million (USD1.6 billion);
    • Total liabilities: THB50,646 million (USD1.6 billion). [more - original PR]