AOT Posts a Loss of ฿3.4Bn in 1Q21 due to a Plummet in Flights-Passengers amid Pandemic

Airports of Thailand Public Company Limited (AOT) has reported its yearly consolidated financial statement of 1Q21 through the Stock Exchange of Thailand as follows;

AOT’s net loss for the three-month period ended December 31st, 2020 was Baht 3,441.98 million, which decreased by Baht 10,776.70 million or 146.93% compared to the corresponding period of the prior year in which net profit of Baht 7,334.72 million was generated. 

 

Revenues from sales or services decreased by Baht 13,928.40 million or 86.49% as a result of a decrease in aeronautical revenue of Baht 8,115.65 million or 90.12% and non-aeronautical revenue of Baht 5,812.75 million or 81.88% because of the decline in the number of flights and passengers. Other income decreased by Baht 448.23 million or 44.29%. Total expenses decreased by Baht 1,364.47 million or 17.60% mainly due to a decrease in state property rental. 

 

However, finance cost increased by Baht 570.77 million due to an increase in interest from lease liabilities. Income tax decreased by Baht 2,783.00 million or 151.38% which was in line with a decrease in operating results.