Popular Post snoop1130 Posted December 23, 2022 Popular Post Share Posted December 23, 2022 BANGKOK (NNT) - Following the tourism industry’s recovery, Thai Airways International (THAI) has reported that its monthly income is almost back to pre-pandemic levels. Suvadhana Sibunruang, the airline’s interim CEO, stated that THAI had so far resumed around 70% of its international flights with a cabin factor (passenger load factor) of 85%. Suvadhana reported that the better load factors contribute to the airline’s current monthly income of around 12 billion baht, down from 15 billion baht before the pandemic. The THAI acting CEO highlighted that the airline has returned to profitability since May this year by decreasing costs and expenses, obtaining additional revenue sources, and shrinking its fleet from 103 to 61 aircraft following its bankruptcy filing in 2020. In 2021, THAI declared a debt of approximately 400 billion baht. However, creditors accepted a revised rehabilitation plan in September this year due to a faster-than-anticipated recovery of the country’s tourism industry. The amended rehabilitation plan permits THAI to borrow only 25 billion baht by 2024, as opposed to 50 billion baht under the original plan. Suvadhana added that THAI is also on track to resume trading on the stock market in 2025 or sooner, following the return to profitability. Source: https://thainews.prd.go.th/en/news/detail/TCATG221223111815083 -- © Copyright NNT 2022-12-23 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 3 Link to comment Share on other sites More sharing options...
ThailandRyan Posted December 23, 2022 Share Posted December 23, 2022 6 minutes ago, snoop1130 said: Thai Airways International (THAI) has reported that its monthly income is almost back to pre-pandemic levels. So we must be close to 40 million travelers already for 2022. Sounds promising....lol 1 Link to comment Share on other sites More sharing options...
Popular Post Wiggy Posted December 23, 2022 Popular Post Share Posted December 23, 2022 (edited) So they’ve reduced the fleet by 40%, but revenue is almost at pre-pandemic levels. Sounds to me like some hefty price increases have been taking place. Edited December 23, 2022 by Wiggy 1 2 Link to comment Share on other sites More sharing options...
mikebell Posted December 24, 2022 Share Posted December 24, 2022 30% fewer flights yet still approaching pre-covid levels of revenue? This can only be achieved by hiking prices and/or making Big-wigs pay for their tickets. I can't see them doing the latter. 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted December 24, 2022 Share Posted December 24, 2022 (edited) 8 minutes ago, mikebell said: This can only be achieved by hiking prices Since the return cattle flight I just booked return in March next year is up from £550 odd to £820 I's have to say that increase is far more than needs be and just profiteering Edited December 24, 2022 by RichardColeman Link to comment Share on other sites More sharing options...
In the jungle Posted December 24, 2022 Share Posted December 24, 2022 (edited) I have just been looking at return flights to Brisbane. Scoot = around 40K (Gold Coast airport) Numerous airlines = around 60K Thai = around 117K That is cattle class. Edited December 24, 2022 by In the jungle 1 1 Link to comment Share on other sites More sharing options...
Ricardo Posted December 24, 2022 Share Posted December 24, 2022 I guess doubling fares would increase revenues, although they're still 20%-short of the previous level, according to the article ! ... "the airline’s current monthly income of around 12 billion baht, down from 15 billion baht before the pandemic." So when will they offer to refund my cancelled-ticket from three years ago, then ? ???? Link to comment Share on other sites More sharing options...
hotchilli Posted December 24, 2022 Share Posted December 24, 2022 17 hours ago, snoop1130 said: Following the tourism industry’s recovery, Thai Airways International (THAI) has reported that its monthly income is almost back to pre-pandemic levels. Although somewhat recovered from Covid I don't see it as anywhere near the Pre-Covid numbers? 1 Link to comment Share on other sites More sharing options...
chilly07 Posted December 24, 2022 Share Posted December 24, 2022 Typically Thai! They have doubled their prices so they are hauling half the passengers for the same revenue. 1 Link to comment Share on other sites More sharing options...
Partenavia Posted December 24, 2022 Share Posted December 24, 2022 So how does that stack up, with all the Thai planes still parked up at Swampy?? Link to comment Share on other sites More sharing options...
bangon04 Posted December 24, 2022 Share Posted December 24, 2022 5 hours ago, chilly07 said: Typically Thai! They have doubled their prices so they are hauling half the passengers for the same revenue. and presumably they are still losing money........... Link to comment Share on other sites More sharing options...
jacko45k Posted December 25, 2022 Share Posted December 25, 2022 23 hours ago, Ricardo said: So when will they offer to refund my cancelled-ticket from three years ago, then ? Get in the queue mate..... mine was a non refundable ticket but they cancelled the flight! 1 Link to comment Share on other sites More sharing options...
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