Insight

Airlines & Aviation

~140M pax/year; AOT six-airport operator, THAI, Bangkok Airways, AAV AirAsia, Nok, BAFS fuel

Last updated: Live coverage

Reports in this sector

5

Market profiles

9

Cited sources

58

Primary-grade share

72%

Key statistics

Public reference figures, each linked to source-level context.

FY2024
~120–140M passengers/yr

AOT airport network — annual passenger throughput

Airports of Thailand, AOT Annual Report

FY2024
~40–50 aircraft (narrow and wide-body)

Thai Airways — active fleet size post-rehabilitation

Thai Airways rehabilitation plan disclosures, SET filings

FY2024
~45–55% of domestic seats

Asia Aviation (Thai AirAsia) — domestic seat share

SET filings — Asia Aviation PCL, CAPA Centre for Aviation

FY2024
3 proprietary airports, ~20 routes

Bangkok Airways — proprietary airport count and network

SET filings — Bangkok Airways, CAPA Centre for Aviation

FY2023
~30–40% of total opex

Fuel cost as share of Thai airline operating expenses

SET filings — AAV, Bangkok Airways

Market profiles in this sector

9 free profiles tied to reports, filings, regulations, and source-backed context.

Browse Market Atlas →
Company/operator

Bangkok Heliservice HEMS (Helicopter EMS)

Thai helicopter emergency medical service (HEMS) operator providing air-ambulance transport in Bangkok and the greater central-Thailand region.

1 report
Government

CAAT Yi Peng Aviation Safety and Lantern Airspace Closures

Civil Aviation Authority of Thailand airspace-management programme issuing NOTAMs and coordinating temporary flight restrictions around Chiang Mai during annual Yi Peng sky-lantern releases.

1 report
Company/operator

Don Mueang FBO General Aviation Cluster

General aviation fixed-base operator cluster at Don Mueang International Airport serving private jets, charter flights, and cargo operators alongside the LCC terminal.

1 report
Company/operator
SET:NOK

Nok Air (SET: NOK)

Thai-listed low-cost carrier (SET: NOK); operates 25+ domestic routes from Don Mueang, controlling approximately 15% of Thai domestic LCC seat share as of 2024.

3 reports
Company/operator
SET:NOK

Nok Airlines

Listed Thai LCC; historically Thai Airways-affiliated; smaller-scale domestic, short-haul regional.

2 reports
Company/operator
SET:THAI

Thai Airways International

Thailand's flag full-service carrier; post-2023 court rehabilitation; FY2024 revenue ~THB 180B.

8 reports
Company/operator

Thai Lion Air

Thai low-cost carrier subsidiary of Lion Air Group (Indonesia); operates domestic routes from Don Mueang and regional ASEAN routes as of 2024.

3 reports
Company/operator

Thai Vietjet Air

Thai-registered low-cost carrier, joint venture between Vietjet Aviation and Thai partners; operates domestic and regional routes.

2 reports
Company/operator

VistaJet and NetJets Thailand Business Jet Operations

International fractional and charter business-jet operators VistaJet and NetJets serving high-net-worth and corporate clients in the Thailand and ASEAN market.

1 report

Available reports

AirAsia Thailand (AAV): Budget Airline Recovery and Capacity Build

Thai AirAsia (parent SET: AAV) carried 20.8M passengers in FY2024 (+10% YoY) on a record 91% load factor. Revenue from sales and services hit THB 49.4B (+20% YoY); core profit turned positive at THB 3.0B — the first…

Thai Aviation Beyond AAV: Thai Airways, Bangkok Airways, Nok, Vietjet, and Lion Air

Thai aviation industry: Thai Airways (THAI, post-rehabilitation 2024 SET re-listing), Bangkok Airways (BA, premium boutique), AAV/Thai AirAsia (LCC leader, sister AAV report), Thai Vietjet, Thai Lion Air, Nok Air (post-rehabilitation). 2024 Thai aviation passenger volume ~120-140M (rebounding to 2019 peak ~148M). Domestic-airport-route concentration: Don Mueang (DMK, AAV-anchored), Suvarnabhumi (BKK, full-service-anchored), Chiang Mai (CNX), Phuket (HKT). Watch Thai Airways post-rehabilitation re-listing trajectory.

Thailand Airlines & Aviation Market Intelligence

Thailand aviation: ~140M passenger movements/year. AOT (SET: AOT) operates six major airports. THAI (post-rehab), Bangkok Airways, AirAsia Thailand, Nok, Thai Vietjet, Thai Lion compete. BAFS aviation fuel. Tourism recovery drives cycle.

Thailand Airport Concession Economics Deep Dive

Thai airport concessions: AOT aero, non-aero, duty-free, ground handling. King Power, DFS duty-free; BAFS fuel; WFS, BGS ground handling. Phase 2, U-Tapao HSR.

Thailand AOT: Dual-Till Economics and 2027 Concession Cliff

AOT (SET: AOT) FY2024 net profit THB 19.18B (+118% YoY). 1H FY2024: 61.22M passengers, 300,000 flights, net profit THB 10.35B (+370%). Dual-till regulatory model and the 2027 King Power concession-renegotiation cliff define AOT's FY2025-FY2030 economics.

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Full sector report

AirAsia Thailand (AAV): Budget Airline Recovery and Capacity Build

23 min read · 2025-2027

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Airlines & Aviation · Insight