Optimism from Thai AirAsia CEO as AAV Reports Net Loss of THB 4.7 Billion (25 Feb 2021) Asia Aviation (AAV), the major shareholder of Thai AirAsia, has reported a Q4 2020 revenue of Baht 4,158.6 million and a net loss of Baht 1,114.4 million (1.1 billion Thai Baht equals approximately US$36.5 million). The loss was partially caused by the impairment on right-of-use assets equating to Baht 1,416 million. Thai AirAsia was EBITDA positive in the quarter, excluding the fuel hedging loss of Baht 799 million. Domestic flight services performed exceptionally well in Q4 2020 with Thai AirAsia operating 107 percent of the number of seats it did in the corresponding period in 2019, prior