BA’s 1Q19 Profit Falls 29%, Recording Lower Revenue as Expenses Increase
BA recorded a net profit in the first quarter of 2019 at THB 504.33 million, decreased 29.01% from 1Q18 which recorded at THB 710.46 million.
Bangkok Airways Public Company Limited (BA) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
BA recorded a net profit in the first quarter of 2019 at THB 504.33 million, decreased 29.01% from the same period of last year which recorded at THB 710.46 million. The decrease of profit was mainly due to lower operating revenue of BA for the first quarter of year 2018 and year 2019 at THB 7,805.0 million and THB 7,707.2 million respectively, decreased by 1.3% while total expenses increased from THB 6,679.2 million to THB 6,920.3 million or increased by 3.6%.
