Bangkok Airways Public Company Limited (SET: BA) announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q23 | 2Q22 |
| Net Profit (Loss) Million Baht |
669,71 | (847,51) |
| Earning Per Share (Baht) |
0.32 | (0.40) |
| % Change | 179 | |
| 6 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
1,544,81 | (1,867,49) |
| Earning Per Share (Baht) | 0.74 | (0.89) |
| % Change | 182.7 | |
In 2Q23, BA reported a net profit of THB669.7 million, compared to a net loss of THB847.5 million in the same period last year. The total revenue for the second quarter was THB4,964.5 million, an increase of THB2,444.2 million or 97.0% from the total revenue of THB2,520.3 million in 2Q22.
The increment was from the growth of passenger revenue from airline business and airport-related business.
The revenue mainly derived from passenger revenue from the airline business, airport-related business, and airport businesses, accounting for 65.8%, 19.6%, and 2.1% of total revenue, respectively. The significant increase was from passenger revenue, which grew by 108.7% or THB1,701.5 million from a higher number of passengers and average fare.
For the second quarter of 2023, BA carried 0.9 million passengers, an increase of 70.6% compared with the year 2022 or 70.6% of pre-COVID-19 passengers. The passenger load factor was reported at 75.2%, and the average fare of THB3,531 per sector improved by 24.9% compared to 2022.
The total expenses were THB4,175.6 million, increasing by 31.3%, mainly from fuel expenses, aircraft maintenance expenses, and passenger services.
BA had earnings before interest and tax, depreciation, and amortization (EBITDA) of THB1,089.8 million, improved by 1,286.8% from the same period of 2022.
Operating profit for the six-month period of 2023 was at THB1,544,8 million, an increase of THB6,523.7 or 156.0% year-on-year.
