Bangkok Airways: quarterly profit of 1.04 billion baht announced!

Bangkok Airways: quarterly profit of 1.04 billion baht announced!

Bangkok Airways has published some interesting figures in the last few weeks that have made both analysts and investors sit up and take notice. The closing price of the shares was THB 13.40 on November 10, 2025, representing a change of +1.52% in the last five days. However, the year-to-date decline of -40.18% cannot be overlooked, which raises some question marks, especially given the company's current financial situation.

Like the reports from Market screener show, Bangkok Airways made a quarterly profit of 1.04 billion baht in the second quarter of 2025. However, a closer look at the numbers reveals that this win does not come without challenges. Net profit in the same period was 401.75 million baht, down 43.59% year-on-year. Earnings per share also fell to 0.19 baht, after being 0.34 baht last year.

Decline in passenger numbers

The numbers show clear trends: in the second quarter of 2025, Bangkok Airways carried around 0.9 million passengers, which represents a decrease despite increasing seat capacity. On average, the capacity utilization of passenger flights was 69.6%. Total revenue in the second quarter was 5,735.1 million baht - a decline of 1.1% year-on-year. This drop can be partly attributed to falling passenger numbers and reduced average fares, which stood at 3,894.5 baht per flight. The company also has increased expenses, primarily due to increased personnel costs, such as Kaohoon International reported.

The changes in the aviation industry have also affected Bangkok Airways. What is particularly surprising is the decline in passenger numbers from Asia, while European passengers continue to increase. Analysts are wondering how these developments will affect the company's long-term strategy, especially after serving a total of 2.2 million passengers in the first half of the year - a decrease of 2.6% compared to the previous year.

Dividend prospects and share buybacks

However, there appears to be good news on the dividend front: the cash dividend for the half-year ending June 30, 2025 has already been announced, with payout on September 26, 2025. A share buyback of 64 million shares worth 1,000 million baht, representing 3.05% of the total shares, has also been approved. The median price target was set at 19.84 THB, which means a distance of +48.09% from the current closing price, which gives hope for some recovery.

So the challenges are undeniable, but the company also shows that it is ready to take steps in the right direction. The appointment of Prasert Prasarttong-Osoth as CEO could send a positive signal here. With a stable fleet of 3 Airbus A320s, 11 Airbus A319s and 10 ATR72-600s, Bangkok Airways remains the player many in the industry have been looking to. Market screener also lists interesting financial indicators that show both the strengths and weaknesses of the company and provide a comprehensive picture of the current situation.