Thai Air Asia posts 655 million third quarter loss - fuel prices and lack of Chinese to blame

[rooster59]

Thai Air Asia posts 655 million third quarter loss - fuel prices and lack of Chinese to blame

 

Image: Thai Rath

 

Airline Thai Air Asia have posted a third quarter loss of 655 million baht.

 

They have blamed the high cost of fuel and the downturn in Chinese visitors to Thailand, reported Thai Rath.

 

However, they are still in profit for the year to the tune of 611.4 million baht though this is 66% down compared to the previous year.

 

Source: Thai Rath

 

 

-- © Copyright Thai Visa News 2018-11-10

 

 

 

[Oziex1]

BJ, arrest those Chinese and force them holiday in Phuket.

[Ossy]

Well, we didn't see this coming, did we? What, with Swampy's wobbly tarmac problems and 'rude' immigration behaviour, it's starting to look like Thailand and air-travel just don't sit well together.

[harada]

Looks like the Chinese dream is over, yeeee haa.

[tso310]

Would like to see the figures for domestic and international loads year on year.

[janclaes47]

19 minutes ago, harada said:

Looks like the Chinese dream is over, yeeee haa.

The Chinese dream might be over for the Chinese themselves.

 

Things don't look good in China

[sjaak327]

Well, we didn't see this coming, did we? What, with Swampy's wobbly tarmac problems and 'rude' immigration behaviour, it's starting to look like Thailand and air-travel just don't sit well together.

Air Asia does not operate out of BKK, they use DMK.

I am not surprised, there are much much better alternatives to Air Asia, such as Thai Smile or Nok, and without the cheapskate attitude and delays

Sent from my SM-J730F using Tapatalk

[AtoZ]

38 minutes ago, janclaes47 said:

The Chinese dream might be over for the Chinese themselves.

 

Things don't look good in China

Yep, they will collapse when the playing field becomes fair between China vs West

 

Easy to be pumping massive %% yearly growth when you cheat on every front.  

[Psimbo]

Its not difficult to see when they are operating flights at less than it costs to take a bus. They are taking on a lot of internal routes that never existed before and it takes time to build up business. Phuket Utapao is always full and they have a second flight down (but not back) now.

 

Personally I never have problems with Air Asia- one great advantage is you can pay for tickets in 7-11 and not have rip p off credit card costs.

[Cadbury]

3 hours ago, Ossy said:

Well, we didn't see this coming, did we? What, with Swampy's wobbly tarmac problems and 'rude' immigration behaviour, it's starting to look like Thailand and air-travel just don't sit well together.

Not forgetting Old Fatty's insulting remarks to the Chinese over the boat tragedy. There was a quick turn around and grovel after that brain snap. 

[jaltsc]

"...downturn in Chinese visitors to Thailand..."

 

I love it when there is a silver lining to an otherwise negative story.

Edited November 10, 2018 by jaltsc

[1337markus]

funny how its blamed on other issues never the airline?

[bluesofa]

15 minutes ago, Cadbury said:

Not forgetting Old Fatty's insulting remarks to the Chinese over the boat tragedy. There was a quick turn around and grovel after that brain snap. 

I'm still waiting to see how TAT put their spin on this:

Fantastic Phuket boat safety monitoring system now in place, giving all tourists unenviable piece of mind.

After considering the facts, deputy prime minister gives Chinese tourists the big thumbs up.

[kevvy]

They would make more if they let on paying customers instead of government officials , Thai airway staff, Pilots and anyone who get free air travel .

[Ossy]

26 minutes ago, bluesofa said:

deputy prime minister gives Chinese tourists the big thumbs up.

Big thumbs up? . . . why stop there, bluesofa? I'll bet Porky has already drawn up plans for the next remote cabinet trip to be in the form of an islands cruise - the whole lot of 'em - but last I heard, they can't agree which type of boat to use.

[alex8912]

I guess they will have to change the saying to “Now everyone can’t fly”

[bluesofa]

38 minutes ago, Ossy said:

Big thumbs up? . . . why stop there, bluesofa? I'll bet Porky has already drawn up plans for the next remote cabinet trip to be in the form of an islands cruise - the whole lot of 'em - but last I heard, they can't agree which type of boat to use.

But, if it starts leaking he can stick his 'thumbs up' and block the holes.

[Artisi]

Surely time to increase the fares, typical Thai style to reign in the losses? 

[Scouse123]

2 hours ago, sjaak327 said:

Air Asia does not operate out of BKK, they use DMK.

I am not surprised, there are much much better alternatives to Air Asia, such as Thai Smile or Nok, and without the cheapskate attitude and delays

Sent from my SM-J730F using Tapatalk
 

 

I have flown all three and the main reason I stick with Air Asia is the flying times from my local airport which are better than Nok Air. We don't have Thai Smile at the local departure airport. I have used Thai Smile from Bangkok to Siem Reap, as well as Bangkok Airways.

 

I cannot say that I have any preference with these three mentioned airlines, in fact, Air Asia usually has the edge over Nok air and Thai Smile, on prices and flying times.

 

I have had slight delays with all three airlines but nothing overly significant, and always from Bangkok airports, Swampy and Don Muang.

Edited November 10, 2018 by Scouse123

[orchidfan]

2 hours ago, Psimbo said:

Its not difficult to see when they are operating flights at less than it costs to take a bus. They are taking on a lot of internal routes that never existed before and it takes time to build up business. Phuket Utapao is always full and they have a second flight down (but not back) now.

 

Personally I never have problems with Air Asia- one great advantage is you can pay for tickets in 7-11 and not have rip p off credit card costs.

I think paying at 7/11 option only for domestic flights. Try booking an international flight and it's CC or online banking...latter of which is not easy for expats on extensions without work permits.

Also never had problems travelling with AA...usually on time, good cabin crew etc.

Only Emirates are cheaper and better BKK to HKG return by a long shot....baggage food wine movies etc.

Edited November 10, 2018 by orchidfan
mis-spelling

[RotBenz8888]

Calm down, although the whole world has scraped Thailand as a tourist destination, you still have the North Koreans as potential tourists a few years ahead.

[BestB]

Would appear the only ones suffering are the airlines which transported Chinese , bus company’s and government for missing out on visa fees. Everyone else seems to enjoy lack of Chinese all over the place .

[scorecard]

47 minutes ago, orchidfan said:

I think paying at 7/11 option only for domestic flights. Try booking an international flight and it's CC or online banking...latter of which is not easy for expats on extensions without work permits.

Also never had problems travelling with AA...usually on time, good cabin crew etc.

Only Emirates are cheaper and better BKK to HKG return by a long shot....baggage food wine movies etc.

AirAsia does have small booth type offices in quite a few locations, you can go there to book a flight and pay for domestic and international flights.

 

Other budget carriers also have this set up.

[zzaa09]

6 hours ago, Ossy said:

Well, we didn't see this coming, did we? What, with Swampy's wobbly tarmac problems and 'rude' immigration behaviour, it's starting to look like Thailand and air-travel just don't sit well together.

Imagine that.

All the while, most regional and national carriers are general stable and holding their own.

 

Seems as it's Thai operated airlines, in particular, that continuously seem to be struggling - Thai Airways, Thai Air Asia, Nok Airlines, etc.

Thainess to blame? 

 

I suspect that the highly successful parent Air Asia [outta KL] might be a wee bit frustrated with their Thai subsidiarity.

[shaurene]

 Flew them once that was enough.

we will get Thai Air results soon, they will give the same reason. Rather than the Real reason. 

[Srikcir]

10 hours ago, rooster59 said:

Airline Thai Air Asia have posted a third quarter loss of 655 million baht.

 

10 hours ago, rooster59 said:

However, they are still in profit for the year to the tune of 611.4 million baht

Yet, there is still another quarter for 'this year'

What are the odds that the 3rd quarter loss won't be repeated in the 4th quarter?

[spiderzik]

9 hours ago, Ossy said:

Well, we didn't see this coming, did we? What, with Swampy's wobbly tarmac problems and 'rude' immigration behaviour, it's starting to look like Thailand and air-travel just don't sit well together.

you got the wrong airport but even so, how would " wobbly tarmac " effect profits ?  ????

[bluesofa]

9 minutes ago, spiderzik said:

you got the wrong airport but even so, how would " wobbly tarmac " effect profits ?  ????

Wears the tyres out faster, really expensive to replace. Sounds more like a creative accounting excuse.

<end of sarcasm>

[chingmai331]

I often fly CNX to HKG (Hong Kong) and always pay 7/11.  

Very handy and the flights on time, esp from CNX as Air Asia to HKG is first out of the gate, every day.

Flights not always full but at 70%, so perfectly OK for 2.5 hrs.

Only small problem is booking a tuk-tuk for 4:30am morning ride to airport.  At least the air along the moat good at that time of day.

[scorecard]

3 hours ago, scorecard said:

AirAsia does have small booth type offices in quite a few locations, you can go there to book a flight and pay for domestic and international flights.

 

Other budget carriers also have this set up.

Plus most airlines have an office / booth at most airports, you can get flight details, make a booking and pay, cash or credit card.