Bangkok Airways (BA) announces operating results for 2019

Total revenue 28,609.2 Million Baht : Net Profit 356.7 Million Baht

Bangkok / 28 February 2020 (16.00hrs) - Bangkok Airways Public Company Limited (BA) announces its operating results for the year of 2019 with total revenue amounting to 28,609.2 million baht up by 2.4 percent compared to 2018. The net profit was reported at 356.7 million baht, up by 35.3 percent.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited commented that, "In 2019, the total revenue of the company was 28,609.2 million baht, up by 2.4 percent from the previous year. Net profit was reported at 356.7 million baht up by 35.3 percent compared to last year, with the gain attributable to equity holders of the company in the amount of 350.8 million baht. Earnings per share equaled to 0.17 baht. The increase in revenue was largely due to special items from gains on sales of investments in BDMS amounting to 1,990.8 million baht, together with dividends received from the investments. In addition, the increase of revenue was due to constant growth averaging 6.6 percent in airport-related businesses. Nevertheless, the operating revenue of airline business itself declined by 6.9 percent due to intense competition which caused the average fare prices to drop by 5.8 percent. The average passenger load factor for 2019 was 68.1 percent. The airline carried a total of 5.86 million passengers, dropped by 1.6 percent compared to 2018."