AirAsia clenched its teeth until the end of August. Adjust the plan to strengthen the e-commerce business – air transport
Santisuk Klongchaiya, Chief Executive Officer, Asia Aviation Plc. and Thai AirAsia Co., Ltd. Said that the results of the second quarter of 2021 AAV still cannot grow as planned. Mainly from external factors such as the situation of the COVID-19 epidemic. In countries that are more severe than expected Even though we try every possible way to adjust. Whether managing costs to maintain cash flow including sourcing funding from multiple channels Both plans to borrow money to restructure the business. which is in the process and loans to maintain employment conditions from government employees that have not yet been finalized
“In April 2021, there was an epidemic of COVID-19. New ripples and diverse species This clearly affects the operations in May and June. As a result, airlines need to reduce and manage the volume of flights appropriately. in order to have a working capital to enhance business liquidity along with supporting the operating results both in the short term and long term,” said Mr. Santisuk.
When summarizing the results for the second quarter of 2021, AAV had total revenue of 1,081 million baht, a loss of 1,692 million baht from a net loss of 1,141 million baht in the second quarter of 2020, with increased sales and service income. increased from the same period last year This was due to the low base resulting from the temporary suspension of flight services in April 2020. Freight revenue increased 682 percent from the same period last year. This was driven by the number of 132 cargo flights this quarter. while operating expenses decreased by 20 percent from the same period last year. This was mainly due to lower employee expenses.
As a result, in the first half of the year, AAV had total revenue of 2,431 million baht and a loss of 3,556 million baht. Total revenue decreased 75% from the same period last year. This was due to a 65% drop in passenger numbers and a 26 per cent drop in average fare due to the COVID-19 outbreak. As a result, it was necessary to suspend all international routes. Operating expenses decreased 49% from the same period last year. This was mainly due to lower employee expenses. According to the policy asking for cooperation for employees to use the right to take short-term and long-term unpaid leave Including related expenses decreased with the number of flights compared to the previous year.
For the second half of 2021 in early July We received a good signal from the policy to start opening the country to foreign tourists via Phuket Sandbox, which led us to increase flights to and from Phuket. But after that, the situation of the epidemic of COVID-19 in Thailand came back more violent And the nationwide vaccination distribution plan is slower than expected. In addition, the Civil Aviation Authority of Thailand has announced that all airlines are prohibited from flying in and out in the most restrictive and strict areas. The airline had to announce the temporary suspension of all routes again. In the middle of July – August Ready to adjust the strategic plan to support the business supplemented by new opportunities in the e-commerce business and air transport business that saw remarkable growth
AirAsia Group’s acquisition of Gojek Thailand and launching its service through the airasia super app reinforces that from now on, AirAsia will not be just an airline. There will be new products and services. meet every lifestyle Create a more diversified business ecosystem through the strong Air Asia brand including the full development of air transport which has a good future and can generate a satisfactory turnover for the business
“The most important question in the second half of the year is to create financial discipline and enhance liquidity in business Ready to assess risks at all times We believe that the various short-term policies we leave will help to reduce the impact of external situations. However, travel is nothing to replace. During this time, everyone has to help each other take care of themselves. and when the opportunity comes There will be a lot of travel needs. Thai AirAsia is ready to return to its stable growth again,” said Mr. Santisuk.
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