Thai AirAsia Experiences FY2021 Outcomes; Plans to Cut back Fleet to 53 Plane

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(25 Feb 2022)
 
Asia Aviation, a
inventory change of Thailand-listed firm and main
shareholder in Thai AirAsia, has reported a complete income of Baht
2,152 million and a internet lack of Baht 993 million for the fourth
quarter of 2021.

For the 12 months ended 2021, the corporate
reported a complete income of Baht 4,508 million and a internet lack of Baht
6,647 million.

General for the complete 12 months, the corporate
carried 2.93 million passengers with a load issue of 68%.

Asia Aviation and Thai AirAsia just lately commenced
a restructuring plan, growing capital to Baht 14
billion and in addition finishing the sale and leaseback transactions of
seven plane with internet proceeds of Baht 1.7 billion.

Thai AirAsia A320 and Thai AirAsia X A330 at DMK. Image by Steven Howard of TravelNewsAsia.com

Santisuk Klongchaiya, Chief Govt Officer of
Asia Aviation and Thai AirAsia, stated,
“2021 was a troublesome 12 months because of the ongoing results of the
COVID19 pandemic, which was particularly extreme all through the
third quarter and necessitated a brief suspension of all
home flights in help of presidency containment insurance policies.
The whole suspension of all flights impacted Asia Aviation’s
liquidity and money circulate and resulted in a serious shareholder
restructuring. The corporate was nonetheless profitable in elevating
funds and restructuring operations through the finish of 2021 and
stands able to compete and rapidly get better.

“We spent your complete 12 months adapting and searching for out
new alternatives, to construct a sustainable and viable platform for
the longer term. We centered on increasing our operations into cargo
companies and chartered flights, the place these segments contributed
3% of our complete income in 2021. We additionally rebranded to introduce
airasia Tremendous App as a broad primarily based digital journey and life-style
enterprise to increase our buyer base and to construct new income
streams along with our flight operations.”

For 2022, the corporate goals to hold 12.3 million
passengers and enhance its load issue to 78 p.c.

Thai AirAsia has no plans to accumulate extra plane within the close to time period,
whereas plans are in place to return plane that may expire beneath
lease agreements, and rotate plane inside AirAsia Aviation
Group, leading to a goal fleet dimension of 53 plane by the top
of the 12 months. The airline presently has 60 plane in its fleet.


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