Thai AirAsia chairman Tassapadet Baleeweld reassures that despite high aviation fuel costs (reaching $183/barrel in Q2) and losses at regional peer AirAsia Malaysia, Thai AirAsia maintains adequate cash flow. Q2-Q3 saw elevated payables to AirAsia Malaysia (~$200M) due to operational settlement cycles, but this is normalizing by Q3-Q4. The airline has reduced seat capacity 10-20% in Q2-Q3, raised fares ~20%, and projects Q4 recovery with 86-90% advance booking rates. Full-year profit unlikely; Q4 expected to return to profitability.
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