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Thai AirAsia’s parent company reports net loss in third quarter of 2026
November 13th 2026
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, we redirected capacity to high-demand destinations. Nevertheless, the company maintained its top priority on service quality. This quarter, the passenger Net Promoter Score (NPS) rose to 61, exceeding our target of 50, and the airline successfully maintained a high On-Time Performance (OTP) of 90%, Phairat Pornpathananangoon, CEO of AAV and Thai AirAsia, said. “The company anticipates that 4Q performance will build upon the results in 2Q and 3Q, with a target to deploy 54 operating aircraft in December to serve passengers during the New Year holiday,” Phairat added.
