Bangkok Airways Public Company Limited (SET: BA) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
671.22 | 1,910.99 |
| Earning Per Share
(Baht) |
0.3200 | 0.9100 |
| % Change | -64.88 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
3,256.64 | 3,455.80 |
| Earning Per Share (Baht) | 1.5500 | 1.6500 |
| % Change | -5.76 | |
In the third quarter of 2024, BA reported a net profit attributable to equity holders of the company of 671.2 million baht, representing a decrease of THB 1,239.8 million baht or 64.9% compared to the same period last year.
Total revenue during the quarter was at 6,489.3 million baht, representing a 15.3% growth, driven by passenger revenue from airline business and revenue from airport-related business. Meanwhile, total expenses increased by 20.2%, mainly from rising operating expenses.
For the third quarter of 2024, the company carried 1.06 million passengers, heightened by 8.2% along with the growth in Revenue Passenger Kilometers (RPK) across all regions. Most passenger volumes contributed from website and direct connect Point-of-Sales which accounted for 47.0%, followed by International Point-of-Sales which represented 39.0% of total passengers. For the most part, International Point-of-Sales derived from Europe and Asia (excluding Thailand).
In this period, the company deliberately adjusted flight frequency on Samui routes to match with travel demand due to its high season. As a result, the Available-Seats Kilometers (ASK) increased by 12.8% from the same period last year and 8.3% from the second quarter of 2024, respectively. The average load factor was 79.0%, which increased by 1.1 percentage points compared to the third quarter of 2023.
