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Airports of Thailand posts worst quarter

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Airports of Thailand posts worst quarter

 

2020-08-11T115820Z_1_LYNXNPEG7A0XY_RTROPTP_4_HEALTH-CORONAVIRUS-THAILAND-AIRPORT.JPG

FILE PHOTO: An empty immigration hall is pictured at Bangkok's Suvarnabhumi International airport amid the spread of the coronavirus disease (COVID-19), Thailand, June 3, 2020. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Airports of Thailand Pcl <AOT.BK> on Tuesday booked its worst quarter ever after volumes plummeted due to coronavirus-related restrictions.

 

State-owned AOT reported a loss of 2.96 billion baht ($95 million) for the three months to June 30 versus a profit of 5.89 billion a year earlier.

 

The shortfall was larger than the 2.1 billion baht loss expected, according to four analysts polled by Refinitiv.

 

Foreign tourist arrivals in Thailand fell 66% in the first half of 2020 reflecting global travel restrictions, including some from Thailand's aviation regulator.

The country has put discussions of a 'travel bubble' on hold.

 

AOT's revenue, including landing charges and concessions, fell 88% to 1.7 billion baht, it said.

 

Flight and passenger numbers fell by 88% and 95%, respectively, said AOT, which manages the country’s main Suvarnabhumi Airport and five others.

For the nine months to June 30, it recorded 438,000 flights and 65.15 million passengers, down 35% and 39%, respectively.

 

It will proceed with the construction of a satellite terminal in Bangkok, it said, but delay its opening until 2022. ($1 = 31.0600 baht)

 

(Reporting by Chayut Setboonsarng; editing by Jason Neely)

 

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-- © Copyright Reuters 2020-08-12
 

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Umm wonder why zzzzz oh yes you have shut everyone out and are busy trying to make up the difference in ASQ that will never work as you have now even out rinsed yourself 🤔

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Look at that airport!  I've never seen anything like that.  

WOW!  

These guys are going to be screaming by new years.  

  • Sad 1

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1 hour ago, webfact said:

It will proceed with the construction of a satellite terminal in Bangkok, it said, but delay its opening until 2022

At least that is smart. Work when there are no people.

 

But why delay the opening until 2022? Are they lacking funds?

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Guy that owns the duty free must be crying in his milk. 

  • Haha 2

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Like 'Duh' ... i'd fall of my chair if they would have posted a profit... 

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Why don't they show how many cancelled flights departing from Bangkok. I know

you want us out of here by the 26 of Sept.so let us leave with dignity to where we want to go,

not all to one area,not every one wan'ts to go to Europe.It wouldn't take much to convince 

surrounding countries to take us from Thailand as there are very few cases of the virus here.

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2 hours ago, oompie69 said:

Guy that owns the duty free must be crying in his milk. 

as are many of those overpriced rip off eateries I suspect .....  good job.

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3 hours ago, Blumpie said:

Look at that airport!  I've never seen anything like that.  

WOW!  

These guys are going to be screaming by new years.  

After a flight from east coast of the states and exhausted, Im always wishing to see that pic when I arrive..

 

Sadly its more like a chinese free shrimp buffet.......but at this rate my wish many come true..

 

Seems more and more of this kind of news......the ever changing wheel O rama spins on..luck be a lady!!!!

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2 hours ago, oompie69 said:

Guy that owns the duty free must be crying in his milk. 

or drinking it......I drink your milkshake! (guess the movie)

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Who would be brave enough to walk out into the taxi hoards waiting just outside the swampy doors!???

 

hey....HEY....HEEEEYY!!!!!!!!!!!!!!!!!!!..YOU...YOU......Bai nai..errrr Where you go?  I take you nice gem shop!!! 100 bt!

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4 hours ago, torturedsole said:

Next quarter will be worse.  

This might be a good thing for all of us trying to get back into LOS     Land of Soapies.... 🙂

 

pain is a great motivator....

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30 minutes ago, vandeventer said:

Why don't they show how many cancelled flights departing from Bangkok. I know

you want us out of here by the 26 of Sept.so let us leave with dignity to where we want to go,

not all to one area,not every one wan'ts to go to Europe.It wouldn't take much to convince 

surrounding countries to take us from Thailand as there are very few cases of the virus here.

https://www.traveloffpath.com/countries-that-have-reopened-for-american-tourists/

 

for the yanks and others too....still seeing if anyone has done that cambodia 2000usd deposit..yikes

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