AAV Posts a Further Loss of ฿1.1Bn in 2Q after Suffering from Lockdowns amid Pandemic
AAV Posts a Further Loss of ฿1.1Bn in 2Q after Suffering from Lockdowns amid Pandemic
AAV Posts a Further Loss of ฿1.1Bn in 2Q after Suffering from Lockdowns amid Pandemic
13 ส.ค. 2563

Asia Aviation Public Company Limited (AAV) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 2Q20, AAV had a net loss for the period of 1,141.3 million baht, being a further loss of 658.8 million baht or 136.55% compared to the same period last year, mainly due to the coronavirus (COVID-19) pandemic has triggered the global economic recession globally during the second quarter of 2020 (Q2/2020) and lockdown measures were introduced to contain the spreading of pandemic. 
 
As a result, passengers of Thai AirAsia, in which AAV is a major shareholder held 55% of Thai AirAsia Company Limited who is an airline operator of Thai AirAsia, carried in 3Q20 were 283,601, decreased by 95% compared to the same period last year, and its capacity was cut down to 8% of the same in the previous year.
 
In addition, total revenues was 2,221.0 million baht, decreased by 78% YoY. Meanwhile, total expenses were a total of 4,021.4 million baht, declined by 63% YoY. 