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AAV Announces Operational Returns for 3Q2021 Confident Baht 14 Billion Fundraising Plan Will Bolster Liquidity in Preparation for Return to International Service

Asia Aviation Public Company Limited. (AAV), a Stock Exchange of Thailand (SET) listed company and major shareholder in Thai AirAsia Company Limited (TAA), announces its third quarter of 2021 (3Q2021) financial results with total revenue of Baht 457 million and net loss of Baht 2,098 million, and a 23 percent improvement in EBITDA compared to the same period last year. This was achieved despite the service suspension of all domestic routes between 12 July to 2 September 2021 as part of the government’s COVID-19 containment measures and unrealised foreign exchange loss.

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