Earnings Report /
Thailand

Asia Aviation PCL: Shallower red ink reported

  • A deeper net loss (but a shallower core loss) than expected

  • AAV reported a 3Q21 net loss of Bt2,104m

  • The average fare increased by 84% YoY and 63% QoQ to Bt1,836/trip

Kijapat Wongmetta
Kijapat Wongmetta

Equity Research Analyst

Bualuang Securities
12 November 2021