Outbreak reduces travel demand in first quarter
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published : 19 May 2021 at 06:39
Airlines faced another setback in the first quarter as the continued pandemic stunted travel demand.
Puttipong Prasarttong-Osoth, president of Bangkok Airways, said the airline adjusted flight frequencies to meet passenger demand during the new wave, which caused the number of domestic flights to drop 85.6% year-on-year.
The airline closed the first quarter with revenue of 1.36 billion baht, a sharp decrease of 78.8% year-on-year, while the average load factor stood at 58.8% with 151,900 passengers, down 88.5%.
Bangkok Airways posted a net loss of 757 million baht, compared with a loss of 339 million in the same period last year.
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