TAA surges to 23% rise in net profit | Bangkok Post: business

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AVIATION

TAA surges to 23% rise in net profit

Asia Aviation Plc (AAV), the major shareholder in Thai AirAsia (TAA), reported a 22.7% increase in the airline's fourth-quarter net profit to 744.4 million baht thanks to the no-frills carrier's strong performance.

TAA posted a 28.5% rise in revenue in the quarter, carrying 24.8% more passengers than in the same period in 2011.

Tassapon Bijleveld, chief executive of both AAV and TAA, yesterday attributed the airline's shift of its main base from Suvarnabhumi airport to Don Mueang last Oct 1 for contributing to the positive outcome.

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