Airlines, MINT announce 3rd-quarter and nine-month operation results

[rooster59]

Airlines, MINT announce 3rd-quarter and nine-month operation results

By SUCHAT SRITAMA 
THE NATION

 

Charamporn Jotikasthira, president of Thai Airways International.

 

BANGKOK:-- THAI AIRWAYS International and Nok Air posted losses in the third quarter while Bangkok Airways and Minor International showed impressive profit thanks to tourism growth.

 

Charamporn Jotikasthira, president of THAI, said the airline posted a net loss of Bt1.5 billion for the quarter, compared with a net loss of Bt8.3 billion in same period last year. A major factor in the improvement was decreasing fuel prices, though the airline may maintain its high rate of fuel hedging.

 

Full story: http://www.nationmultimedia.com/news/business/corporate/30299803

 

 

 

-- © Copyright The Nation 2016-11-12

[Srikcir]

9 hours ago, rooster59 said:

A major factor in the improvement was decreasing fuel prices

The airline was looking to boost revenue from its airline partners as part of its plan to tackle one of its major weaknesses. The carrier aimed to increase its revenue from inter-line and code-share partners.

Apparently that hasn't happened yet to boost revenues.

Charamporn has been disappointed in the airline’s inability to capture income from its cooperation with other airlines, as many other carriers do, as a way to drive profit. ime to look at the "inability."

https://ethailand.com/business-news/thai-airways-aims-boost-revenue-airline-partners/2869/