Thai Asia Aviation says sees profit this year

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BANGKOK (Nov 21): Thailand's Asia Aviation Pcl , a major shareholder of budget carrier Thai AirAsia, said on Friday it expected a net profit this year despite a loss in the first nine months of the year.

The country's high tourist season in the final quarter plus the company's marketing campaigns would help the airline have a load factor of 80 percent this year, compared with 83 percent last year, Chief Executive Officer Tassapol Bijleveld told reporters on Friday.

The airline expects passengers to rise to 14 million next year from 12.6 million this year, he added.