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Thai AirAsia posts record Q4 profit

 

BANGKOK: Thai AirAsia Co, a low-fare airline venture between Shin Corp of Thailand and Malaysia’s AirAsia Bhd, posted a record fourth-quarter profit as it carried more passengers paying higher fares.

 

Net income was 110 million baht (US$2.82mil) in the three months to Dec 31, from a loss of 44 million baht a year earlier, Thai AirAsia said in a presentation to analysts and investors in Bangkok yesterday.

 

Sales in the quarter rose 35% from a year earlier, the Bangkok-based airline said.

 

Thai AirAsia, which carried 27% more passengers in the quarter from a year earlier, added flights in Thailand and overseas, including Vietnam, Cambodia and China, as the region’s economic growth stoke demand for travel by air. Low-fare airlines including Thai AirAsia and Nok Air Co, an affiliate of Thai Airways International Pcl, have increased flights through Thailand’s Don Muang airport since last year.

 

Thai AirAsia said average fares rose 11% in the fourth quarter. – Bloomberg

 

Quelle: http://biz.thestar.com.my/news/story.asp?f...mp;sec=business

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