55 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT Key Operating Statistics Thai AirAsia Company Limited 4Q/2022 4Q/2021 Change FY2022 FY2021 Change Passenger carried (million) 4.06 1.15 +253% 9.95 2.93 +240% Capacity (million seats) 4.52 1.51 +199% 11.90 4.31 +176% Load factor (%) 90 76 +14 ppts 84 68 +16 ppts Revenue passenger kilometres (million seats-km) 3,774 783 +382% 8,627 2,083 +314% Available seat kilometres (million seats-km) 4,246 1,030 +312% 10,308 3,002 +243% Average fare (Baht) 1,652 1,130 +46% 1,434 1,090 +32% Revenue per available seat kilometres (Baht) 1.95 1.49 +31% 1.70 1.28 +34% Cost per available seat kilometres (Baht) 2.02 4.33 -53% 2.62 4.51 -42% Cost per available seat kilometres (ex-fuel) (Baht) 1.23 3.75 -67% 1.81 4.04 -55% Thai AirAsia experienced a successful 4Q2022, marked by an uptrend of passenger numbers, reaching 4.06 million, a 253% YoY growth and 47% QoQ. This was fuelled by domestic passenger growth of 43% QoQ, while international passengers saw a robust 61% QoQ growth. During this quarter, Thai AirAsia inaugurated new routes, including the first flights from Don Mueang to Fukuoka, Dhaka, and Lucknow, and introduced new routes from the Chiang Mai hub to Danang and Hanoi. In addition, flight frequency to Singapore was doubled to 42 flights a week following the opening of Changi’s Terminal 4. By year-end, Thai AirAsia had 42 operating aircraft and posted an overall load factor of 90%, a level not seen since 1Q2019. As a result, AAV reported total revenue of Baht 12,498.8 million, an increase of 481% YoY and 155% QoQ. The average fare per passenger was Baht 1,652, an increase of 46% YoY and 18% QoQ, mainly due to the imposition of the domestic fuel fluctuation fee and a healthy fare environment for international flights. Additionally, ancillary income grew to Baht 1,571.3 million, increasing by 567% YoY and 65% QoQ, while ancillary income per passenger reached a record of Baht 387, driven by revenues from checked baggage, processing fees, and inflight services. Cost of sales and services reached Baht 7,591.9 million, up by 100% YoY and 15% QoQ. The increase A snapshot of Asia Aviation’s financial performance for the three-month ended 31 December 2021 and 2022 has been summarised below:
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