Bangkok Airways Reports Q1 2015 Results

Bangkok Airways has reported a Q1 2015 net profit of 1,086.7 million Baht; up 106.5% over the same period in 2014 (526.1 million Baht).

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways, said, “The company earnings in the first quarter of 2015 = 6,733.86 million Baht compared to the previous year (2014) which was 6,089.9 million Baht, demonstrating a rise of 10%. Furthermore, the number of passengers in the first quarter of 2015 = 1.43 million passengers, up by 10.9% (1.29 million passengers) compared with the same period in the previous year. Supporting factors for such growth include the recovery of the economy and tourism, political stability and oil price stability.”

In the first quarter of 2015, Bangkok Airways took delivery of 2 aircraft, an Airbus A319 and an ATR 72-600, bringing the fleet to 29 aircraft in total. The additional aircraft resulted in a 10.1% increase in Average Seat Kilometer (ASK), 14.3% increase in Revenue Passenger Kilometer (RPK) and 71.9% increase in load factor compared to the same period in the previous year (69.3%).

“In addition to that, earlier this year, the Department of Civil Aviation of Thailand granted permission to Samui airport to increase its flight operating allowance to 50 flights a day. This has allowed Bangkok Airways to increase capacity and to operate more flights in and out of Samui Airport. In March, the company increased flight frequency on the Samui-Singapore route from 7 flights per week to 10 flights per week and on the Samui-Kuala Lumpur route from 7 flights per week to 11 flights per week,” added Mr. Puttipong Prasarttong-Osoth.

The Stock Exchange of Thailand (SET) recently revealed that MSCI Inc., a global index provider, added Bangkok Airways to its MSCI Global Small Cap Indexes effective 29 May 2015.