webfact Posted November 14, 2014 Share Posted November 14, 2014 Thai Airways International today reported a consolidated net loss of 9,117 million baht for the first nine months of this year.BANGKOK: -- The loss represented a 2,864 million baht increase from the same period last year, said Thai acting president ACM Siwakiat Jayema.However he said the third quarterly performance of this year showed THAI and its subsidiaries have recorded profits of 1,097 million baht, breaking down to 1,086 million baht generated by THAI, as compared with 6,182 million baht net loss for the third quarter in 2013.He attributed the loss for the past nine months to the tourism industry which is still not returning normal. Source: http://englishnews.thaipbs.or.th/72451/ -- Thai PBS 2014-11-14 Link to comment Share on other sites More sharing options...
Popular Post ratcatcher Posted November 14, 2014 Popular Post Share Posted November 14, 2014 "He attributed the loss for the past nine months to the tourism industry which is still not returning normal." The tourism industry eh? Is there any other area to lay blame for such losses? Management? or Ms Management. 15 Link to comment Share on other sites More sharing options...
Popular Post Pierrefun Posted November 14, 2014 Popular Post Share Posted November 14, 2014 9,117 million baht2,864 million baht1,097 million baht1,086 million baht6,182 million baht Is there something wrong with using the word "billion" ? 17 Link to comment Share on other sites More sharing options...
Popular Post steelepulse Posted November 14, 2014 Popular Post Share Posted November 14, 2014 Well if it wasn't tourisms fault, then it would be the stars weren't aligned right's fault, or perhaps competitors with cheaper pricing and better product's fault, or, or, or.............. It'll never be THAI's fault with their mismanagement, over pricing, giving away freebies to mp's etc. 5 Link to comment Share on other sites More sharing options...
webfact Posted November 14, 2014 Author Share Posted November 14, 2014 THAI suffers nine billion baht loss in nine monthsBANGKOK: -- Thai Airways International today reported a consolidated net loss of 9,117 million baht for the first nine months of this year.The loss represented a 2,864 million baht increase from the same period last year, said THAI acting president ACM Siwakiat Jayema.However he said the third quarterly performance of this year showed THAI and its subsidiaries have recorded profits of 1,097 million baht, breaking down to 1,086 million baht generated by THAI, as compared with 6,182 million baht net loss of the third quarter in 2013.He attributed the loss for the past nine months to the tourism industry which is still not returning normal and tough competition in the industry, particularly from low cost airlines, fleet expansions, and opening of new routes.As a consequence, THAI suffered a 15% drop in passengers from 16.20 million in the same period last year to 13.77 million this year.The average number of seats sold per flight slipped to 70%, down nearly 10 percentage points from one year earlier.He also said the average number of seats sold per flight in the third quarter also slipped to 71.1% from 75.3% last year.Besides loss from asset depreciation also rose 66.2% or 2,086 million baht higher than last year to 5,237 million baht, he added.Source: http://englishnews.thaipbs.or.th/thai-suffers-nine-billion-baht-loss-nine-months/ -- Thai PBS 2014-11-14 Link to comment Share on other sites More sharing options...
ratcatcher Posted November 14, 2014 Share Posted November 14, 2014 9,117 million baht 2,864 million baht 1,097 million baht 1,086 million baht 6,182 million baht Is there something wrong with using the word "billion" ? Apparently not at The Nation ( Former prime minister Thaksin Shinawatra has already been a billionaire with a net worth of more than Bt60 billion .) The Thais say "pan laan" or 1,000 million. This report is from Thai PBS, maybe they haven't caught on yet.? Link to comment Share on other sites More sharing options...
Popular Post Katipo Posted November 14, 2014 Popular Post Share Posted November 14, 2014 Any yet Air Asia is managing to earn generous profits (although they aren't what they could have been, admittedly). No, I think this years losses are caused by the same big stinking pile of nepotism, corruption, and mismanagement that the losses from all the previous years were caused by. 12 Link to comment Share on other sites More sharing options...
Popular Post Lupatria Posted November 14, 2014 Popular Post Share Posted November 14, 2014 With 99 planes in the fleet 9 of them more than 20 years old (http://www.planespotters.net/Airline/Thai-Airways-International) and more than 80 vice directors (vice presidents?) I'm not surprised alt all. Get someone who actually can do the job instead of appointing retired generals to run the circus. 17 Link to comment Share on other sites More sharing options...
Sydebolle Posted November 14, 2014 Share Posted November 14, 2014 Close the shop and leave it to those operators who managed to run CNX-BKK on a 20/30 minutes schedule between DD, FD, WE etc. Link to comment Share on other sites More sharing options...
Sydebolle Posted November 14, 2014 Share Posted November 14, 2014 A seriously obese ACM (Air Chief Marshal) said publicly some 20+ years ago "Thai sucks" and guess what = he is still right! Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted November 14, 2014 Popular Post Share Posted November 14, 2014 Take you marketing people and throw them to the deepest shit hole you can find because they sucks, I fly using several airlines in and out of Thailand for many years, and I'm always bombarded with reminder emails, deals,promotion and special fare s and lots of other stuff that some time I find useful, But with TG, I get maybe twice a year and even those don't contain any thing I'd like to read, TG is an airline full of it self, thinking that if the customers want to fly, they will come to us, guess what TG... you're dead wrong and you're losing tones of business to all the others that are nibbling at you heels.... 7 Link to comment Share on other sites More sharing options...
ALLSEEINGEYE Posted November 14, 2014 Share Posted November 14, 2014 why can't Thai's be trained to count properly? 1,000 million is a Billion!!! It ain't freekin rocket surgery. Link to comment Share on other sites More sharing options...
klauskunkel Posted November 14, 2014 Share Posted November 14, 2014 THAI, it's just another pile of rice. 1 Link to comment Share on other sites More sharing options...
Seelow Posted November 14, 2014 Share Posted November 14, 2014 Having just traveled Thai Air from Hong Kong -Bangkok return all I can say is" Never again will I use this airline." The plane was well past it's sell by date, seats incredibly uncomfortable with leg room for a midget, and the inflight "meal" was a cardboard box of luke warm mess. Never again! 1 Link to comment Share on other sites More sharing options...
yellowboat Posted November 14, 2014 Share Posted November 14, 2014 It is also symptonmatic of wealth disparity, when all your wealth is spread among so few. I know very few Thais that can afford to fly Thai Airways. Link to comment Share on other sites More sharing options...
Searat7 Posted November 14, 2014 Share Posted November 14, 2014 With 99 planes in the fleet 9 of them more than 20 years old (http://www.planespotters.net/Airline/Thai-Airways-International) and more than 80 vice directors (vice presidents?) I'm not surprised alt all. Get someone who actually can do the job instead of appointing retired generals to run the circus. Funny they don't show the infamous A340's as being stored, wonder if they actually sold the long haul versions or started using them again. Link to comment Share on other sites More sharing options...
mrdome Posted November 14, 2014 Share Posted November 14, 2014 THAI could be at the head of the pack together with Singapore and Cathay but they have been mismanaged for years. Link to comment Share on other sites More sharing options...
Popular Post ginjag Posted November 14, 2014 Popular Post Share Posted November 14, 2014 I stopped using Thai a long time ago--for the simple reason they vastly increased their fares to get more money/profit. They do not respond to good competition, because they are above competition. EVA extra leg room BKK London ret, 36,000 bht. Thai less leg room 52,000 baht. BUT Thai had a promotion at the same time but only a 2 week ticket, no refund no change date no this no that. Stick it Thai. London with Thai 275 seater A340-600, yes the ones that are for sale, because they are gas guzzlers and they are still not filling the aircraft. 5 Link to comment Share on other sites More sharing options...
MobileContent Posted November 14, 2014 Share Posted November 14, 2014 With 99 planes in the fleet 9 of them more than 20 years old (http://www.planespotters.net/Airline/Thai-Airways-International) and more than 80 vice directors (vice presidents?) I'm not surprised alt all. Get someone who actually can do the job instead of appointing retired generals to run the circus. Their are a few hundred more directors/assistant directors and the real number is around 400 executives. 400x150,000 x 12 months = 720.000.000 and this does not include the 30+ Executive VP who come in with at least another 250k per month. THAI has always been an Air Force Club and whoever became the president had to look after everyone down the line. They should issue one free ticket per year but the whole management ships in for free the whole family on overseas flights. Possible Revenue loss = 430 x 40,000 Baht x 12 month x 10 family members = 344,000,000 but then again every THAI staff is entitled to free flights for the family so you have thousands who abuse the system. Not for nothing is the THAI union very strong so to protect the current system inlcuding all those people that enrich them self. I still wonder why Thai Smile was launched. I personally like the airline but they forecast profit of 5 million Baht within two years plus but somebody made good money in ordering those 16 new Airbus 320-200 and why NokAir (39% owned by THAI) flies Boeing jets but Thai Smile flies Airbus. It all comes down to procurement. Any way good observation about the many Executive a small airline like THAI has. 1 Link to comment Share on other sites More sharing options...
ginjag Posted November 14, 2014 Share Posted November 14, 2014 With 99 planes in the fleet 9 of them more than 20 years old (http://www.planespotters.net/Airline/Thai-Airways-International) and more than 80 vice directors (vice presidents?) I'm not surprised alt all. Get someone who actually can do the job instead of appointing retired generals to run the circus. Funny they don't show the infamous A340's as being stored, wonder if they actually sold the long haul versions or started using them again. See #19 mate. Link to comment Share on other sites More sharing options...
martin81 Posted November 14, 2014 Share Posted November 14, 2014 (edited) Having just traveled Thai Air from Hong Kong -Bangkok return all I can say is" Never again will I use this airline." The plane was well past it's sell by date, seats incredibly uncomfortable with leg room for a midget, and the inflight "meal" was a cardboard box of luke warm mess. Never again! Yes they have gone even longer downhill than before. I recently flew to Vietnam and return with TG and only got the same lousy food as on their domestic routes. Air fare around 9000 B. Beer is only served if specifically asked for. On airasia I get a decent hot meal for 120 B. Not free but certainly better than TG. From now on TG will be last choice on regional routes. They are usually more expensive anyway. Edited November 14, 2014 by martin81 Link to comment Share on other sites More sharing options...
Daniel Boon Posted November 14, 2014 Share Posted November 14, 2014 their online system could use an upgrade ... Scoot and AirAsia have it all over them ... Link to comment Share on other sites More sharing options...
AloisAmrein Posted November 14, 2014 Share Posted November 14, 2014 Not surprising. Military dictatorship and turmoils do not attract tourists. And the price policy of Thai does the rest. For example: ZRH-BKK is cheaper with Swiss then with Thai (and a lot better). 2 Link to comment Share on other sites More sharing options...
Shagz Posted November 14, 2014 Share Posted November 14, 2014 tigers cheaper for us western Australians... Link to comment Share on other sites More sharing options...
metisdead Posted November 14, 2014 Share Posted November 14, 2014 Troll posts and replies have been removed. Link to comment Share on other sites More sharing options...
Kiwisailor Posted November 14, 2014 Share Posted November 14, 2014 Been flying Thai for years AKL - BKK, return price now $600 NZ more than Qantas and Emirates. This year will see a change for us. Link to comment Share on other sites More sharing options...
Popular Post laobali Posted November 14, 2014 Popular Post Share Posted November 14, 2014 As long as there are cheaper and better alternatives to flying THAI, who actually cares? Management doesn't seem to, so why should the flying public? 3 Link to comment Share on other sites More sharing options...
alien365 Posted November 14, 2014 Share Posted November 14, 2014 It is also symptonmatic of wealth disparity, when all your wealth is spread among so few. I know very few Thais that can afford to fly Thai Airways. My missus only flies Thai Airways if she is forced to (for the government to reimburse some of her flights she has to fly THAI). She says she hates flying with them as she is treat like a second class citizen. Westerners get instant attention and the Thais have to wait and are apparently treat differently based on the tone of skin and how they are dressed. 1 Link to comment Share on other sites More sharing options...
Soiyamoto Posted November 14, 2014 Share Posted November 14, 2014 Their always the most expensive so i never use them Link to comment Share on other sites More sharing options...
SOTIRIOS Posted November 14, 2014 Share Posted November 14, 2014 .it has been mentioned before.Thai Airways..and TOTpay their employees annual bonuses ranging from several months.to possibly years.of their salaries.... ...let's do the math.... ...but blame it on the tourists again.... ...how can this be justified....and why doesn't anyone oversee this and put a stop to it.... Link to comment Share on other sites More sharing options...
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