Asia Aviation (Thai AirAsia) Reports Q4 2014 Results

In Q4 2014 Asia Aviation Plc. (AAV), the company that operates Thai AirAsia, reported a net profit of Baht 430 million from total revenue of Baht 7,876 million with an average load factor holding steady at 79% and total passenger numbers up 16% year-on-year at 3.4 million.

Overall in 2014, AAV achieved a net profit of Baht 183 million from total revenue of Baht 25,356 million, a load factor average of 80% and 12.2 million passengers carried.

Mr. Tassapon Bijleveld, CEO of Asia Aviation Plc. and Thai AirAsia, said, “Over the past year, Thai AirAsia was made to adapt its business plan to the circumstances that arose. The carrier completed its fleet of 40 Airbus A320 aircraft by year end, added 3 new routes; Bangkok-Sakon Nakhon, Chiang Mai-Surat Thani and Krabi-Guangzhou and increased flight frequency on 2 popular routes; Chiang Mai-Krabi (now flying 2 times daily) and Bangkok-Siem Reap (now flying 3 times daily). While the average Load Factor of 80% was down 3percentage points from 2013, the total amount of passengers carried was 12.2 million people, 16% more than the 10.5 million carried in 2013.”

In 2014, Thai AirAsia extended its Fly Thru service at Don Mueang Airport to be more expansive and connected it to Thai AirAsia X, its low cost long haul air carrier that flies to South Korea and Japan.

The carrier also opened its fourth flight hub in Krabi province, adding to existing hubs in Bangkok, Phuket and Chiang Mai and allowing for more connections both domestically and internationally.

For 2015, Mr. Tassapon has forecast that AAV will return to targeted growth as the overall political and tourism situation has been improved.

The airline is scheduled to induct 5 new aircraft in 2015, and has set its 2015 passenger target at 14.5 million people with an average load factor of 83%.

Thai AirAsia X Airbus A330-300 Aircraft Tour

See more: HD Videos.