Bangkok Airways Reports Net Profit Exceeding 2 Billion Baht, Up 24.5% with 1.2 Million Passengers
Bangkok Airways reported first-quarter net profit of 2.1 billion baht, up 24.5% year-over-year, by cutting capacity and reducing costs despite geopolitical tensions driving elevated operational expenses.
Bangkok Airways announced first-quarter 2025 financial results with revenue of 7,906 million baht and net profit of 2,099.2 million baht, representing a 24.5% increase year-over-year, with 1.2 million passengers carried.
CEO Puthipong Prasattong-osoth disclosed that in the first quarter of 2025, the airline reduced passenger capacity by 11.8% through flight reductions on Bangkok-Phnom Penh routes and service suspensions on Bangkok-Lampang and Lampang-Mae Hong Son routes. The company focused on optimal network management balancing travel demand with seat capacity constraints amid significantly elevated operational costs from Middle Eastern geopolitical tensions that began in late February.
These factors resulted in 1.2 million passengers in Q1 2025, down 5.2% compared to the same period last year, while load factor improved to 86.2%, up 4.7 points. Average ticket prices remained stable at 4,469.7 baht compared to the prior year.
Operating profit reached 2,586.6 million baht, up 242.9 million baht or 10.4% year-over-year, driven primarily by cost management with total expenses declining 6.2%, particularly in fuel consumption and aircraft leasing costs.
Total revenue comprised passenger ticket revenue at 68.6%, airport-related business revenue at 20.8%, and airport business revenue at 2.3%.
"Net profit reached 2,099.2 million baht, up 24.5% year-over-year, with shareholders' profit at 2,091.0 million baht and earnings per share of 1.01 baht, reflecting our efforts to control expenses amid economic and geopolitical volatility," Puthipong added.
Bangkok Airways unveiled a new corporate vision: "Leading Aviation with Responsibility, Delivering Services with Sustainability," to guide long-term business development through integrated aviation operations and responsible practices.
The airline's environmental initiatives under the "Low Carbon Skies by Bangkok Airways" program were selected for inclusion in Thailand's Best Practices and Lessons Learned in Development (Vol.2), published by the International Cooperation Department, highlighting the company's commitment to environmentally integrated business practices.
On corporate governance, the company conducted PDPA in Practice Knowledge Sharing activities to enhance internal understanding of personal data protection compliance, particularly regarding data processing in operational contexts, while promoting knowledge exchange on best practices.
The airline reviewed and announced its 2025 Business Continuity Management policy to strengthen preparedness for crises and unforeseen events that could impact operations.
Additionally, the company is preparing to disclose sustainability information according to IFRS S1 and IFRS S2 standards to ensure comprehensive, transparent disclosure linked to financial performance.
