|1.||Malaysia AirAsia||Malaysia||$78m profit||$63m profit|
|2.||Singapore Airlines||Singapore||$71m profit||$110m profit|
|3.||Bangkok Airways||Thailand||$30m profit||$22m profit|
|4.||Cebu Pacific/Cebgo||Philippines||$22m profit||$2m loss|
|5.||Garuda Indonesia||Indonesia||$22m profit||$32m loss|
|6.||SilkAir||Singapore||$15m profit||$2m profit|
|7.||Thai AirAsia||Thailand||$14m profit||$13m loss|
|8.||Citilink||Indonesia||$8m profit||$6m profit|
|9.||Philippine Airlines||Philippines||$5m profit||$3m loss|
|10.||Scoot||Singapore||$1m loss||$15m loss|
|11.||SIA Cargo||Singapore||$2m loss||$13m loss|
|12.||Indonesia AirAsia||Indonesia||$4m loss||$7m profit|
|13.||Indonesia AirAsia X||Indonesia||$7m loss||N/A|
|14.||Tigerair Singapore||Singapore||$8m loss||$20m loss|
|15.||Malaysia AirAsia X||Malaysia||$8m loss||$42m loss|
|17.||Nok Air||Thailand||$10m loss||$11m loss|
|18.||Thai AirAsia X||Thailand||$11m loss||$5m loss|
|19.||Philippines AirAsia||Philippines||$19m loss||$30m loss|
|20.||Thai Airways/Thai Smile||Thailand||$79m loss||$119m loss|
|TOTAL||$107m profit||$95m loss|
Source: CAPA – Centre for Aviation
Cebu Pacific Air and Philippine Airlines were among the five most profitable airlines in Southeast Asia during the first nine months of 2015, a period marked by more “rational” capacity and low fuel prices, think tank Center for Aviation (CAPA) said in a report.
CAPA data showed that Cebu Pacific booked a profit of $156 million while PAL earned $124 million during the January to September period. They were just behind Malaysia AirAsia, with a profit $220 million, and Singapore Airlines, which earned $203 million.
The gains came as challenges were highlighted for Southeast Asian carriers, which have moved to cut the overcapacity seen in 2014 that was manly led by low-cost carriers, the report said.
CAPA said Cebu Pacific and PAL were also among 10 of 19 profitable Southeast Asian airlines during the period, meaning most were still in the red.
“Majority of airlines remain in the red despite the low fuel prices, an indication that market conditions remain relatively challenging,” Capa said.
Among those that reported earnings, CAPA said several carriers were “only marginally profitable” and the figures were relatively lower when compared to most other regions.
It said the region’s airline sector would account for less than a fifth of the total profit for Asia Pacific and about 2 percent of the $50 billion in operating profit of airlines globally, CAPA added.
Sources: Miguel R. Camus, http://business.inquirer.net, CAPA