AirAsia News

Thai AirAsia Co., Ltd. has partnered with Kasikornbank to execute Thailand’s first foreign exchange (FX) risk management agreement in the airline sector linked to greenhouse gas reduction initiatives under the Thailand Greenhouse Gas Management Organization’s (TGO) Low Emission Support Scheme (LESS). Under this partnership, Kasikornbank will provide preferential FX rates to Thai AirAsia upon meeting certain milestones tied to the LESS program, reinforcing a shared commitment to a low-carbon society. The agreement references Thai AirAsia’s achievement in receiving a Certificate of Honor from the Thailand Greenhouse Gas Management Organization (TGO) for its voluntary emission reduction activities. This collaboration also strengthens the role of the Thailand Climate Business Network (ThaiCBN), a coalition of Kasikornbank, Thai AirAsia, and 23 other leading national and international organizations, working collectively to transition Thailand toward net-zero greenhouse gas emissions.

Asia Aviation Plc (“AAV”), the sole shareholder of Thai AirAsia (“TAA”), reported a resilient performance in 1Q2025, posting a core profit (excluding foreign exchange impacts) of THB 1.299 billion, up 6 percent year-on-year (“YoY”). Revenues from sales and services came in at THB 13.225 billion, down 4 percent YoY, largely due to a decrease in international tourist demand.