Bangkok Airways narrowed its second quarter operating loss to Bt493 million ($14.8 million) from Bt2.7 billion a year earlier, as it continued to suffer from the collapse of Thailand’s tourism market amid the coronavirus pandemic.
According to the carrier’s earnings release for the three months ended 30 June, total revenue – which includes airports, catering, and other businesses – more than doubled to Bt1.4 billion, but this is still a fraction of the Bt6.1 billion revenue recorded during the same period in 2019.
Taken separately, airline revenue was Bt212 billion, up from Bt108 billion a year earlier.
Overall net losses narrowed to Bt686 million, compared with Bt2.97 billion previously.
The carrier also cut total second quarter expenses by nearly 50% to Bt1.9 billion.
During the quarter the company operated 1548 flights, twice as many as in the April-June period of 2020,…
