Asia Aviation Public Company has announced that first quarter operating profit for its subsidiary Thai Airasia has fallen 46% to Bt1.1 billion (approximately $34.7 million).
Expenses for the group in the first three months of 2019 rose 10% to Bt10.5 billion - which had a negative impact on net profit which fell 50% to Bt497million - which the company has blamed on rising fuel costs.
The carrier’s CASK stood at Bt1.53 due to a 10% increase in ASKs and a longer average stage length. Meanwhile, RPKs grew 9%, while load factor stood at 91%.
The airline also stated it plans to add two Cambodia services, Bangkok Don Mueang-Sihanoukville and Phuket-Phnom Penh.
It will also add a Bangkok Don Mueang to Ahmedabad service, at a later date.