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Thai Airways banks on food business to cut losses


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Posted
2 hours ago, webfact said:

The catering department of Thai Airways has teamed up with Amazon and LINE to expand Puff & Pine, its food delivery service, in a bid to cut losses.

 

The Nation isn’t improving, an obvious spelling mistake in the first sentence, impressive. 

Posted

The figures show it,anyone with a bit of sense knows it.thai air are going down the pan.theyve just this week abandoned half a dozen routes.thai air have had it too good too long.its a cut throats business out there and they are incompetent at running a business.  If one men like Richard Branson can do it why can't a country do it.

  • Like 1
Posted
55 minutes ago, Cadbury said:

 

Sadly this story illustrates why Thai Airways is in such bad financial shape and bereft of quality senior management.

Expanding, it illustrates why Thailand is in such bad financial shape ????????

 

These people often represent the country's best and brightest. 

  • Like 2
Posted
4 minutes ago, Sealbash said:


No other nations have had airline bankruptcies


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

The difference is;

 

In most countries, of course airlines have failed, but one of two things happen

 

They either go into bankruptcy protection, Chapter 11 in the US case, while they attempt to restructure their business, or they simply become insolvent and go out of business.

 

Two examples of those two examples. United Airlines in the US which went into Chapter 11, and after fundamentally changing their business model now makes billions of $.

 

Thomas Cook in the UK, which failed to restructure and just folded.

 

So, of course airlines get into trouble, it is after all a tough business, invest millions to make pennies.

 

But TG isn't a real company, it's now a zombie company living with the second highest debt of any airline in the world, and saddled with some of the most incompetent management in the world.

 

....so yeah, the catering biz will save it! LOL 

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Posted
1 hour ago, realfunster said:

 

The Nation isn’t improving, an obvious spelling mistake in the first sentence, impressive. 

There again pine might be more edible than some of their pies ????

Posted

Actually this catering business is called Puff and Pie, not Puff and Pine. There has been a small Puff and Pie shop outside the Thai Airways office near Democracy Monument (formerly the HQ of the independent Thai Airways domestic airline) as long as I remember which is decades and it has always looked the same with the same logo. They sell not very pleasant Thai style bakery products which also haven’t changed in decades.
 

Fat chance that this legacy business is going to somehow leap out of the gutter and put billions on the bottom line of this corruption riddled company.

Posted

That's all great.

 

But revenue doesn't necessarily mean profitable.

 

The food business may be contributing to the loss, so expanding it may contribute further loss.

 

Anyway it's a stupid idea by idiots. Hope that helps.

  • Thanks 1
Posted

Why don't they just cut out the hi-so freeloaders and lower prices? I'd love to fly Thai but my UK frozen pension prevents me from throwing money away.

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