Jump to content

THAI reports nine-month results


webfact
 Share

Recommended Posts

Thai-Airways-600x398.jpg

 

By TTR WEEKLY

  

BANGKOK: Thai Airways International and its subsidiaries report an operating loss of THB21,491 million, excluding one-time transactions, for the first nine months of 2021.

 

The airline released financial details in its latest progress reports on its 2021 rehabilitation plan to Thailand’s stock exchange earlier this week.

 

Total revenue during the nine months reached THB14,990 million, lower than 2020 by THB29,230 million, representing a decline of 66.1%.

 

Expenses declined by 53.3% (down THB41,695 million) due to a decline in production, transport volume and cost-cutting measures over the nine months. Bottom line expenses stood at THB36,481 million.

 

Full story: https://www.ttrweekly.com/site/2021/11/thai-reports-nine-month-results/

 

TTR_new.jpg

-- © Copyright TTR Weekly 2021-11-20
 
  • Haha 1
Link to post
Share on other sites

In the wonderful world of TG things are nearly always never as they seem.

 

I think I said in the last thread about them posting ridiculous profits, that was just accounting trick on how you report distressed assets.

 

https://simpleflying.com/thai-aiways-2021-financial-results/?utm_term=Autofeed&utm_medium=Social&utm_content=echo&utm_source=Facebook#Echobox=1637023413

 

There are some gems in there;

 

"Meanwhile, the auditors declined to express an opinion on the financial statements. Welcome to the wild and wonderful world of restructuring Thai Airways."

 

"Thai Airways says the auditor’s decision isn’t due to queries about the accuracy of the financial statements. Instead, owing to the three reasons stated, Deloitte Touche Tohmatsu Jaiyos aren’t confident Thai Airways is a going concern."

 

Gotta love when your own auditors are convinced you are a going concern!

  • Thanks 1
  • Haha 1
Link to post
Share on other sites

7 hours ago, ezzra said:

In 9 months of pregnancy usually the is a new a screaming and kicking new born comes into the world....TG however, manged to have a still born in those 9 months, how befitting to a clownish airlines that have rested on their laurels for much too long...

This was a long time coming and to be expected. 

No such reclaim of recovery will be plausible, as it continues to be managed/controlled by the same unworthy scoundrels. 

 

The attempt to put lipstick on a pig. 

  • Like 1
Link to post
Share on other sites

5 hours ago, ChrisY1 said:

So Thb 51 Billion profit reported for the first nine months just last week...now this! Thai are either telling BS, or the journalists and news agencies are stupid!

That 51b must have been just for the pastries. Such a shame. Used to be a great airline.  

Link to post
Share on other sites

4 hours ago, MrJ2U said:

Recently statements from the government suggest that the government will bail out the airline at the last minute.

 

 

Well that's exactly what'll happen.

 

They reduced their stake to under 50% to enable TG to enter restructuring, but just as the lights are about to go out, they will inject money in the form of buying a majority share.

 

And that will be that, back to the roller coaster of the absurdity that is TG

  • Haha 2
Link to post
Share on other sites

12 minutes ago, GinBoy2 said:

Well that's exactly what'll happen.

 

They reduced their stake to under 50% to enable TG to enter restructuring, but just as the lights are about to go out, they will inject money in the form of buying a majority share.

 

And that will be that, back to the roller coaster of the absurdity that is TG

And then a further quite complex situation in regard to the current administration / bankruptcy etc., stuff:

 

  • - Is there a situation which means there is no need for an administration to proceed?
  • - Is there a situation which means an administration is not legal?
  • - and more...

Ultimately quite possible TG falls back to it's old ways/behaviors/attitudes etc,, and becomes the 'play thing' of very powerful people who want/will do whatever to get a return to the past. 

Link to post
Share on other sites

10 hours ago, GinBoy2 said:

Well that's exactly what'll happen.

 

They reduced their stake to under 50% to enable TG to enter restructuring, but just as the lights are about to go out, they will inject money in the form of buying a majority share.

 

And that will be that, back to the roller coaster of the absurdity that is TG

Well said.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...