For the year ended 31 December 2022, the airline posted an operating loss of Bt889 million ($25.6 million), improving on the Bt2.5 billion loss in 2021 when much of Thailand remained shut. As informed by a news report in Flight Global.
Operating revenue more than doubled year-on- year to Bt12.7 billion, with passenger travel revenue seeing a six-fold jump. The airline carried 2.6 million passengers in 2022, about five times higher than 2021.
However, the airline notes its system-wide capacity remains well below pre-pandemic levels. Despite restarting a number of international routes – even increasing frequencies on some of them – the airline says it was operating at around 40% pre-pandemic capacity as at end-2022.
Full-year costs rose 69% to Bt13.8 billion, led mainly by an increase in fuel costs, with other operating-related expenses increasing year on year as more flights resumed. Bangkok Airways posted a net loss of Bt2.1 billion, narrowing from the Bt8.5 billion net loss posted in the year-ago period. The airline ended the year with 35 aircraft, two aircraft fewer than in 2021.
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