(15 Nov 2021)
Asia Aviation (AAV), the
major
shareholder in Thai AirAsia (TAA), has reported its
third quarter financial results, with total
revenue of Baht 457 million, a net loss of Baht 2,098 million,
and a 23 percent improvement in EBITDA, compared to the same period
last year.
All
domestic routes in Thailand were suspended between 12 July and 2 September 2021 as part of the
government’s COVID19 containment measures. The return to service starting 3
September 2021, has allowed TAA to gradually
resume its route network and increase flight frequencies
accordingly.
In 3Q2021, TAA transported 79,767 passengers, down
by 96 percent compared to the corresponding period last year. This
was in accordance with a decrease of 95 percent of its Available
…
