THAI Profit for H1 2023 Exceeds 14 Billion Baht

[webfact]

    
BANGKOK (NNT) - Thai Airways (THAI) has reported 14.776 billion baht in profits for the first half of 2023, while revealing that delays in forming the new government have yet to impact the number of advance flight bookings.

 

Thai Airways Chief Executive Officer Chai Eamsiri revealed that Thailand’s current political situation has yet to impact the number of advance bookings made with the airline. He further noted that foreigners have become more familiar with the country’s political activities.

 

The CEO also discussed the Excise Department’s re-activation of its 4.72 baht per liter excise collection for jet fuel starting July 1, 2023. The move followed the department’s decision to lower the excise to 20 satang per liter at the beginning of the year. Chai said the excise returning to the previous level has resulted in domestic ticket prices rising by 10-100 baht per ticket, depending on each airline’s costs.

 

For the first six months of 2023, Thai Airways International made 78.889 billion baht in revenue and 14.795 billion baht in net profit. The improved performance was attributed to more frequent flights operated on the airline’s popular routes, as well as those to China and Japan.

 

The executive added that the number of destinations in China has been increased to five, namely Beijing, Shanghai, Kunming, Guangzhou, and Chengdu. The improved results are also believed to stem from debt restructuring and both domestic and international consumers maintaining confidence in the airline.

 

According to Thai Airways executives, 37% of the airline’s passengers currently hail from Europe and 33% from East Asia. Additionally, 10% were from India and Bangladesh and 7% were from Malaysia, Indonesia and Singapore.

 

by Paul Rujopakarn

 

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230815111205873

 

-- © Copyright NNT 2023-08-15

 

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[NanLaew]

Queue the THAI bashers with predicatble comments about poor service, government freebies, and bad experiences on overpriced flights from last century

[RichardColeman]

Publication of the profits made on each new extravagant  flight cost would be good

[orchidfan]

I used to like THAI on my frequent fights to Hong Kong, but this year (after many restrictions were lifted) I tried them again BUT both flights in each direction were delayed an hour or more .

Mediocre food and service.

 

So it's back to Emirates A380........cheaper and far superior food/service and inflight entertainment.

On time departures and arrivals.

Last EK flight that I was on a week ago, HKG to BKK, was full.

Obviously others have noticed too!

[steven100]

7 hours ago, webfact said:

Thai Airways (THAI) has reported 14.776 billion baht in profits for the first half of 2023

yes .....   they've got a really good bean counter, very strange how they can go from losing millions upon millions and then COVID and they magically turn a profit .....      what a load of trash they talk .. 

[eisfeld]

These numbers seem to be too good to be just because of flights. Did they sell a few airplanes? Or does it have something to do with Thai Smile being merged into the mother company? An article like that would benefit heavily from an explanation how such big changes in financials have been achieved.

 

I would like to see them succeed and be a profitable business. Would be great if they were able to turn around so quickly and well. It's just a bit surprising.