Hong Kong, Nov. 13 -- Asia Aviation Public Company Limited (AAV), the parent company of Thai AirAsia (TAA), announced that for the third quarter of 2026, revenue from sales and services stood at Baht 8 billion (US$239 million), representing a 13% decline year-on-year (YoY), which corresponded with a decreased 29% YoY in passenger volume. Read More The company reported a net loss of Baht (2,368) million for the quarter.
"In the third quarter, the aviation business was transitioning through the off-peak travel period. Factoring in the challenges of surging global fuel prices, the company prudently executed a capacity management strategy across our fleet and network. By reducing flight frequencies and temporarily pausing unprofitable routes, ...