The State Enterprise Policy Office (SEPO) anticipates that Thai Airways International Plc (THAI) will return to the Stock Exchange of Thailand in 2025.
Despite challenges during the pandemic, THAI has shown signs of improvement, including workforce reduction and fleet downsizing.
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Key Takeaways
- Thai Airways International Plc (THAI) is expected to return to the Stock Exchange of Thailand in 2025 as it shows signs of significant financial improvement and operational streamlining efforts.
- The airline reported a profit of nearly 2.3 billion baht in the second quarter of 2023, marking a significant 171% increase from the previous year, indicating a strong financial upturn and potential exit from rehabilitation phase by the end of the year.
- The anticipated revival of the tourism sector, with an expected 33.5 million foreign tourists and a projected 23.6% increase in tourism revenue, plays a crucial role in THAI’s recovery and prospective relisting on the stock exchange.
The airline reported a significant profit increase in the second quarter of 2023, indicating a potential exit from rehabilitation by the end of the year. The revival of the tourism sector, with an expected increase in foreign tourists, is playing a crucial role in THAI’s recovery, as well as the positive trend in tourism revenue.
