THAI sees losses narrow as tourism picks up

[webfact]

 

By Pitchayapa Phiwpong

 

Thai Airways International Plc (THAI), the country’s embattled national carrier, has come out to report a net loss of 3.2 billion Baht for its operations during the 2nd quarter of this year, a decrease of 113.8% from the same period last year as load factor picked up.

 

THAI said that for the first 6 months, its total losses were at 6.46 billion Baht, a decrease of 158.1%.

 

THAI, which has been undergoing debt restructuring as the mountain of debts were unable to be serviced amid global shutdown in tourism industry during the peak of the pandemic, but things have started to pick up as the economy opens.

 

Full story: https://www.thaienquirer.com/42821/thai-sees-losses-narrow-as-tourism-picks-up/

 

-- © Copyright Thai Enquirer 2022-08-15

 

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[whiteman]

any excuse shut it down

[ChrisY1]

Simply an amazing turn around.....hard to believe, but no doubt it's real.....Thai execs would not lie!

[Gknrd]

I have been here for 30 days, Immigration is nothing more than a corrupt blood sucking plague... 

Cannot wait to leave for Malaysia and the Philippines.

[stoner]

14 minutes ago, Gknrd said:

Cannot wait to leave for Malaysia and the Philippines.

i got malaysia on line 1...they wanna know whats up.... you good ? 

[zzaa09]

14 minutes ago, Gknrd said:

I have been here for 30 days, Immigration is nothing more than a corrupt blood sucking plague... 

Cannot wait to leave for Malaysia and the Philippines.

Alas......Thailand is the only SE Asian country [even broader Asia] that hasn't adjusted and loosened up it's immigration/visa policies for the times. Applies to the tourists variety as well as the long-stay or resident type. 

 

None of the mounting bureaucracy and unnecessary suppressive schemes are truly unworthy. 

[Gknrd]

Man when they stopped doing the Embassy papers for the US they opened the corruption gates for immigration.. Immigration got a pretty big pay day...

[scorecard]

3 hours ago, ChrisY1 said:

Simply an amazing turn around.....hard to believe, but no doubt it's real.....Thai execs would not lie!

It's a game, every one of their last several reports is conflicting.

[RichardColeman]

Said it before, if Thai expects this to continue they will be thrown off course soon with other airlines returning. 

[matchar]

21 hours ago, webfact said:

THAI said that for the first 6 months, its total losses were at 6.46 billion Baht, a decrease of 158.1%.

That's still quite an achievement losing over a billion baht a month.

And I'm not sure if the author understands percentages correctly...if something decreased by 100% wouldn't it be zero already?

[mikeymike100]

18 hours ago, ChrisY1 said:

Simply an amazing turn around.....hard to believe, but no doubt it's real.....Thai execs would not lie!

5555 Good One!!  ????

[hotchilli]

22 hours ago, webfact said:

Thai Airways International Plc (THAI), the country’s embattled national carrier, has come out to report a net loss of 3.2 billion Baht for its operations during the 2nd quarter of this year,

Impressive... 

[Mr Meeseeks]

The debt continues to mount up for this boondoggle.

 

Must be 500 billion thb in debt now surely?

[jacko45k]

But this is kept quiet?

German investigators believe a shortened approach route given to a Thai Airways Airbus A350-900 crew generated increased time stress, resulting in a botched high-speed descent to Frankfurt that took the twinjet far below the glideslope.