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Thai Airways losses spiral to 11 billion baht

Thailand national airline has reported a further slump in profits for Q3 2019 with a net loss of 4.68 billion baht.

Aishwarya Gupta



Thai Airways routes

The national carrier Thai Airways International (THAI) reported a net loss of Bt4.68 billion, In the first nine months of 2019, THAI accumulated a loss of Bt11 billion.

This loss translates to Bt2.14 loss per share, which is Bt0.44 higher than last year or 25.9 per cent.

THAI president Sumeth Damrongchaitham said the national airline would post a loss of less than 3 billion baht in the last quarter of this year, which is the high season. Just a few days ago, he said he hoped the airline could reduce its full-year loss to 2.2 billion baht, from an expected 10 billion.


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