Bangkok Airways, or BA, reported second-quarter 2026 core profit of 349 million baht, down 29% from the same period last year and down 82% from the previous quarter, but 46% above market expectations. The result was supported by still-strong travel demand on Samui routes and high dividend income growth, which helped offset the impact of geopolitical tensions. Net profit attributable to shareholders stood at 330.92 million baht, down 17.63% from a year earlier, while total revenue rose 5.5% to 6.0525 billion baht. However, total expenses increased 11.7% due to a 49% rise in fuel costs and higher aircraft maintenance expenses. Analysts at Krungsri Securities noted that average ticket prices rose about 5% and the passenger load factor improved to 75.2%. Meanwhile, Kasikorn Securities maintained a buy recommendation with a target price of 22 baht and sees potential to raise its 2026 profit forecast from the current 2.3 billion baht.
Bangkok Airways Public Company LimitedCore profit beat expectations by 46%, with strong travel demand and dividend income offsetting fuel cost increases.
Bank of Ayudhya PCL