Bangkok Airways Reports Q1 2016 Results; Net Profit Up 44.9%

Bangkok Airways has reported a Q1 2016 revenue of 7,775.7 million Baht, an increase of 15.5% on the same quarter last year.

The airline's Q1 2016 net profit was 1,574.6 million Baht, an increase of 487.9 million Baht or 44.9% on Q1 2015.

"The improving performance was mostly contributed to growth in number of passengers and better average fares together with declining fuel costs," said Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways. "The number of passengers of Bangkok Airways rose by 10.5% for this quarter; the number of passengers from point-of-sale in Asia (excluding Thailand) grew 18.2% which was largely supported by an increasing number of passengers from point-of-sale in Singapore, Vietnam, Hong Kong, Myanmar and Taiwan. The average passenger load factor increased from 71.9% the same quarter last year to 74.4%. Passenger yield per RPK was 5.44 Baht, an increase on 2015 of 4.5%.

Bangkok Airways recently took delivery of two ATR72-600s and one Airbus A319. The airline's fleet currently consists of 33 aircraft; 13 ATR72-500s and ATR72-600s and 20 Airbus A319s and A320s. Two or three more aircraft are expected to be delivered later this year.

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