Bangkok Airways profit flying high
Last year’s flooding in Thailand could not wash away Bangkok Airways’ profits, with the privately- owned carrier posting a net profit that exceeded expectations.
Thursday 2 February 2012, 10:49AM
Last year the carrier saw its net profit increase by up to seven per cent to B600 million, surpassing the B400 million estimations, the Bangkok Post reported.
While profit exceeded predictions and revenue surged by 15 per cent to B13 million, the carrier’s president Puttipong Prasarttong-osoth explained that without the flooding in central Thailand, earnings could have reached as much as B800 million.He explained that although the carrier did very well, he was still wary of factors that might hurt profits in 2012.
These include higher fuel prices, political disruption and the uncertain economy, he explained. While Mr Puttipong remains cautious, he did reveal that the carrier is planning to launch one new international route in March, between Koh Samui and Kuala Lumpur.
As for suspended flights to Ho Chi Minh City, Macau, Shenzhen and Xian, Mr Puttipong said the company would “activate those routes when opportunity knocks”.