Thai AirAsia Reports Q3 2013 Results

In Q3 2013 Thai AirAsia (TAA) achieved Baht 5,595 million in revenue (up 26% from the same period last year) and Baht 297 million in net profit, up 59% compared to the same period last year.

Load Factor in the quarter was 83% (up 1%) with a total of 2.6 million passengers, a 30% increase on last year as compared with capacity growth of 27%.

In Q3 2013, Thai AirAsia increased flight frequencies by taking delivery of an additional two new Airbus A320 aircraft from the previous quarter (adding 6 aircraft from the same quarter last year), giving the airline a total fleet of 31 as at quarter-end.

Thai AirAsia Reports Q3 2013 revenue. Click to Enlarge.

Thai AirAsia was also able to reach a 94% on-time-performance at Don Muang Airport.

For the first nine months of 2013, TAA had revenue of Baht 16,984 million, up 24% from the same period last year, and net profit of Baht 1,535 million, an increase of 70% year-on-year.

The airline’s load factor for the nine-month of this year was 84%, up 2%, with 7.5 million passengers or 25% higher than the same period last year.

For Q4 2013, Thai AirAsia is scheduled to receive 4 new Airbus A320 aircraft, reaching a total of 35 aircraft for this year’s target.

The airline will add routes to popular and burgeoning destinations in the domestic, Chinese and Indochina markets with direct flights from Don Muang Airport to Siem Reap (started 1 October), Khon Kaen (started 28 October), Kunming (starts 15 November), Nay Pyi Taw (starts 28 November) and Phitsanulok (starts 30 November).

Thai AirAsia is also launching a new “Fly Thru” service, allowing connections to be made at Don Muang Airport. This service, which will enhance convenience and draw new group of travelers, will start from 1 December 2013 onwards.