Bangkok Airways Announces Operating Results For 2016

Bangkok Airways announced the company’s operating results of 2016 and the business outlook for 2017 in Bangkok. According to Puttipong Prasarttong-Osoth, President of Bangkok Airways plc, “in 2016, total revenue of the company was THB 26.765 million, an increase by 7.5 percent from the previous year. Net profit before income tax expenses reached THB 2.78 million baht while net profit reached THB 1,837.0 million baht.

Total passengers number in 2016 reached 5.6 million passengers, an increase of 9.5 percent from the previous year. In 2017, the number of passengers is expected to grow 12-13 percent. The passenger load factor in 2017 is expected to be at 72 percent up by three percentage point compared to 2016 performance (69 percent).

Mr. Prasarttong-Osoth then evocated 2017 outlook: “we will still focus on expanding our network to cover the most important destinations throughout Asia in order to facilitate our passengers and our codeshare partners. We will further utilize our strategic flying hubs which are Bangkok (Suvarnabhumi), Samui and Chiang Mai by offering new non-stop services from these airports to some high potential destinations in Asia such as Chiang Mai–Vientiane (Lao PDR), Chiang Mai–Bagan (Myanmar), Bangkok–Nakhon Ratchasima and Bangkok-Phu Quoc (Vietnam). However, these routes are still waiting for an official approval by local authorities”.

“Also in January, we launched a non-stop service between Samui-Guangzhou (China.) and increased our frequencies to popular domestic and international routes. From Chiang Mai to Mae Hong Son, Phuket and Samui, we offer now two daily flights instead of one daily while we now fly daily between Chiang Mai and Mandalay; Bangkok-Chiang Mai is up from 8 to 9 daily flights while Bangkok-Phuket is served 10 times daily instead of 9; Bangkok-Danang is now served on a daily basis and Bangkok-Vientiane twice daily”.

The airline will also increase the number of codeshare partners. To date, Bangkok Airways flies in partnership with 22 airlines around the world, including its latest partner – Xiamen Airlines. “In 2017, we expect to sign new agreements with another four Asian carriers”, added Prasarttong-Osoth.

The airline expects to receive five new aircraft during the year, including two ATR72-600’s, and three Airbus A319’s. Bangkok Airways total fleet will then reach 39 aircraft.

Varong Israsena Na Ayudhya – Vice President-Sales, revealed his 2017 sales plan stating that, “ Bangkok Airways will concentrate on CMLV countries which are Cambodia, Myanmar, Laos and Vietnam, as we foresee that these countries project notable economic growth and high travel demand. Additionally, these countries are among the most popular destinations for European and American travellers”.

“Currently, Bangkok Airways operates more than 40 flights between Thailand and these four countries and we are planning to add more frequency plus introduce new services to meet the growing travel demand”, added Mr. Israsena Na Ayudhya.