Bangkok Airways Pcl. (BA) reported third quarter 2021 loss of THB 6976.9 million which shows loss increased by 344.6% YoY and 917% QoQ. Earnings for the nine-month period ended in September amounted to THB 8,408.5 million.
Total revenue for third quarter 2021 amounted to THB 672.3 million, a decrease of 25.3% YoY. The company reported the decrease was mainly due to government-imposed travel restriction from April to August to contain third wave of COVI-19 pandemic. Passenger revenue from airline business and airport business decreased by 83.2% and 81.7% respectively. However, airport related operations business increased by 15.8% YoY mainly attributed to Bangkok Air Catering.
The airline implemented prudent cost control, total expenses in third quarter 2021 decreased THB 2,112.8 million, a decline of 12.6% YoY.