Arkadij Schell / Shutterstock.comAsia Aviation (AAV), the sole shareholder of Thai AirAsia, reported a 13% drop in third-quarter 2026 revenue to US$223 million (THB 8.073 billion). The decline followed a 29% fall in passenger numbers as the airline reduced seat capacity to match weaker off-peak travel demand.
Despite carrying fewer passengers, AAV increased its average fare by 24% to US$56 (THB 2,023) per passenger. This helped offset rising fuel costs. Revenue per available seat kilometre (RASK) also rose by 29% to US$0.054 (THB 1.96), reflecting the airline's efforts to manage higher operating expenses.
Thai AirAsia maintained normal flight operations during the recent Bangkok floods. The airline attributed this resilience to its crisis management and business continuity plans.
AirAsia also received the Skytrax title of 'World's Best Low-Cost Airline' for the 17th consecutive year.
Looking ahead, AAV plans to increase domestic flight frequencies in the fourth quarter of 2026. It aims to capture a 40% domestic market share. The airline also plans to resume international routes with strong growth potential as it pursues further network expansion.
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