Asia Aviation Public Company Limited announced its financial results for the third quarter of 2025, reporting a revenue of THB 9,276 million. This represented a 15% decline compared to the same period last year, mainly due to decreased passenger volume and lower fares amidst a challenging tourism environment. Despite these headwinds, the airline managed to control costs, supported by lower fuel prices, resulting in an EBITDA of THB 361 million. The airline operated nearly 6 million seats during the quarter, maintaining a load factor of 80%, with a fleet of 62 aircraft.
For the nine months ending September 2025, the airline's revenue decreased by 11%, with domestic capacity increasing by 19%. Market share remained strong at 39%, and the company focused on expanding domestic routes and new markets such as India. Overall, the tourism sector experienced a decline in international arrivals, notably from China, affecting passenger numbers. The company expects the upcoming peak travel season to bring a rebound, supported by enhanced connecting services and government tourism initiatives.
CEO comments emphasized ongoing cost discipline and strategic adjustments to capture future demand growth, especially in the domestic market. The company reaffirmed its commitment to operational stability amid ongoing restructuring at AirAsia Group, noting that Thai AirAsia's operations remain unaffected. Stakeholders and investors continue to monitor the evolving market dynamics and the company's strategic responses to industry challenges.
