Bangkok Airways reported Q2/2025 revenue of 6.05 billion baht (+5.5% YoY), but net profit fell 17.6% to 332.6 million baht due to expenses rising 11.7%. Despite margin pressure in Q2, H1 net profit grew 16.3% to 2.43 billion baht, driven by higher ticket yields (+4.2%), improved load factors (81.1%), and better unit revenue metrics. Management cited geopolitical headwinds but maintained expense discipline in a volatile environment.