BANGKOK (Nov 13): Asia Aviation Public Company Ltd’s (AAV), Thai AirAsia’s parent company, reported that its net loss widened by 23% to 2.098 billion baht (about RM265.87 million) for the third quarter ended Sept 30, 2021 (3Q21) from 1.837 billion baht for the same period last year due to the suspension of its operations following the peak of the Covid-19 pandemic during the quarter.
Revenue for the quarter dropped 81% to 457.5 million baht compared to 3Q20 and total passengers transported during the quarter was down by 96% to 79,767 passengers compared to the corresponding period last year.
“This was in accordance with a decrease of 95% in its available seat kilometres (ASK) compared to the same period last year. The load factor during the quarter was 60% and the airline ended the quarter with 60 aircraft,” it said in a filing with the Stock Exchange of Thailand on Friday…
