Bangkok Airways Profits Exceed Expectations

[SamuiRes]

Last year’s flooding in Thailand could not wash away Bangkok Airways’ profits, with the privately owned carrier posting a net profit that exceeded expectations.

Last year the carrier saw its net profit increase by up to seven percent to up to 600 million baht, surpassing the 400 million baht estimations, The Bangkok Post reported.

While profit exceeded predictions and revenue surged by 15 percent to 13 million baht, the carrier’s president Puttipong Prasarttong-osoth explained that without flooding earnings could have reached up to 800 million baht.

He explained that although the carrier did exceedingly well, he was cautious of factors that would hurt profit in 2012.

Higher fuel prices, political disruptions and the uncertain economy are weighing heavy over the president’s decisions.

While Mr Puttipong remains cautious, he did reveal that the carrier is planning to launch one new international route this year between Samui and Kuala Lumpur from March. In regards to suspended flights to Ho Chi Minh City, Macau, Shenzhen and Xian, Mr Puttipong said the company would “activate those routes when opportunities knock”.

http://www.etravelblackboardasia.com/article/81186

[smokie36]

Isn't it great to see a local business doing so well....

[ParadiseLost]

Our dear friend Puttipong Prasarttong-osloth:

[itishothere]

Well, the good news is that they made a profit and are still in business on the island.

And the bad news is they made a profit.