Bangkok Airways has announced its operating results for the third quarter of 2019.
The airline posted total revenue amounting to 6.7 million baht, with a reported net profit of 66 million baht; up by 66.3%compared to the same period last year.
Puttipong Prasarttong-Osoth, president of Bangkok Airways, commented: “In the third quarter of 2019, the better performance was mainly due to an increase of revenue from airport-related businesses and unallocated revenues, together with a significant reduction of major expenses in airline business."
For the nine-month period of 2019, the company has accumulated a total revenue of 20.5 million baht, down by 2.5% from the same period in 2018.
Decreasing revenue was from airline and airport businesses which dropped by 6.9% and 9.7%, respectively.
Revenue from airport-related businesses and unallocated revenue grew by 6.7% and 22.1% since last year.
Southeast Asia region contributed the highest growth rate at 23%, followed by the passengers from the North America region at 10% and the South Asia region at 3%. For the nine-month period of 2019, the company reported a net loss of 121 million baht. The loss was attributed to the equity holders of the company and was 131 million baht.