AAV reports 3.8 billion baht loss for first 9 months of 2026

MGR Online•Economy•50m ago

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Asia Aviation reported a net loss of 3,853 million baht for the first nine months of 2026 due to rising fuel costs and lower passenger numbers.

•Asia Aviation reported a net loss of 3,853 million baht for the first nine months of 2026.
•Fuel costs increased by 14% to 12,416 million baht during the first nine months of 2026.
•Thai AirAsia reported a net loss of 2,368 million baht for the third quarter of 2026.
•Asia Aviation plans to resume flights from Suvarnabhumi to Chiang Mai, Krabi, and Phuket in the fourth quarter.

•Asia Aviation reported total sales and service revenue of 31,648 million baht for the first nine months of 2026, a 2% decrease from the previous year.
•Asia Aviation experienced a net loss of 3,853 million baht in the first nine months of 2026, driven by a 14% increase in total fuel expenses.
•Thai AirAsia reported a net loss of 2,368 million baht in the third quarter of 2026, including a 141 million baht loss from exchange rates.
•Thai AirAsia's third-quarter passenger numbers decreased by 29% due to a strategy to reduce seat capacity to align with off-season demand.
•Thai AirAsia resumed flight services to Singapore and Indonesia during the third quarter after partial suspensions in the previous quarter.
•Asia Aviation aims to regain a 40% domestic market share by resuming services from Suvarnabhumi to Chiang Mai, Krabi, and Phuket starting October.
•Asia Aviation plans to utilize 54 aircraft in December to serve passengers during the New Year period.
•Asia Aviation is implementing liquidity plans including aircraft Sale and Leaseback transactions and discussions with financial institutions.

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Pairat Pornpattananugoon

"The company expects performance in the fourth quarter to be better than the performance in the second and third quarters."

บริษัทคาดว่าผลการดำเนินงานในไตรมาส 4 จะดีขึ้นกว่าผลการดำเนินงานในไตรมาส 2 และ 3

Asia Aviation(บมจ. เอเชีย เอวิเอชั่น)

The sole shareholder of Thai AirAsia.

Thai AirAsia(บริษัท ไทยแอร์เอเชีย จำกัด)ℹ️

An airline company owned by Asia Aviation.

Tourism Authority of Thailand(ททท.)ℹ️

An organization partnering with Asia Aviation for the 'Fly Around Thailand, Heal Every Trip' project.

Pairat Pornpattananugoon(ไพรัชล์ พรพัฒนนางกูร)

Chief Executive Officer of Asia Aviation and Thai AirAsia.

Suvarnabhumi(สุวรรณภูมิ)ℹ️

An aviation base used by Thai AirAsia for flights to Chiang Mai, Krabi, and Phuket.

Chiang Mai(เชียงใหม่)ℹ️

A destination for flights resuming from Suvarnabhumi.

Krabi(กระบี่)ℹ️

A destination for flights resuming from Suvarnabhumi.

Phuket(ภูเก็ต)ℹ️

A destination for flights resuming from Suvarnabhumi.

Singapore(สิงคโปร์)ℹ️

An international route that Thai AirAsia resumed in the third quarter.

Indonesia(อินโดนีเซีย)ℹ️

An international route that Thai AirAsia resumed in the third quarter.

India(อินเดีย)ℹ️

An international destination where Asia Aviation plans to resume services.

Fly Around Thailand, Heal Every Trip(บินเที่ยวทั่วไทย ฮีลใจทุกทริป)

A tourism stimulation project providing 500 baht flight discounts.