BANGKOK: Thai AirAsia Co Ltd (TAA) recorded an average of 73% load factor in the first quarter of 2022 (1Q22), following an easing of travel restrictions and the launch of more international routes.
In a statement, Asia Aviation Public Co Ltd (AAV), a major shareholder of TAA, said passengers served in 1Q22 also rose by 48% year-on-year (y-o-y) to 1.45 million, propelling the average fare by 7% y-o-y to 1,018 baht (RM129.30) per passenger.
It said the cost of sales and services rose in line with the increase in flights, the average fuel price hiked by 61% y-o-y, and selling and administrative expenses increased by 21%, following commission fees and related fees stemming from the company’s fundraising. — Bernama
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