Bangkok Airways Pcl Reports THB875 Million of Profit in 1Q23 amid Recovery in Tourism

Bangkok Airways Public Company Limited (SET: BA) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q23 1Q22
Net Profit (Loss)
Million Baht
875.10 -1,019.98
Earning Per Share
0.4200 -0.4900

The company reported a profit from operation for the first quarter of 2023 at 1,230.8 million baht, an increase of 2,057.4 million baht or 248.9 percent from 2022. The increment was from a rise in total revenue at 4,045.0 million baht, which grew by 238.2 percent from last year. An increase in total revenue was from the growth of airline passenger revenue by 342.9 percent, and airport-related business revenue by 100.4 percent respectively. While the total expenses increased by 79.6 percent or 4,468.5 million baht, mainly from fuel expenses, aircraft maintenance expenses, and passenger services. The Company reported a net profit for the period of 879.4 million baht, of which the profit attributable to the equity holders of the Company was 875.1 million baht. Profit per share for the period was 0.42 baht.