BANGKOK (NNT) – Thai Airways International (THAI) says it may be able to exit financial rehabilitation and resume stock trading sooner than initially predicted.

According to THAI’s chief of finance and accounting, Chai Eamsiri, the airline’s expenditure cuts and measures to streamline operations and financial performance will enable revenue growth. With these developments, the airline may be able to resolve its trading suspension issue with the Thai Stock Exchange (SET) before the 2025 deadline.

Following the relaxation of travel restrictions, the airline’s operational losses fell to 3.1 billion baht in the first quarter of this year, down from 6.9 billion baht for the same period last year.

Chai added that THAI is working on mobilizing a new fund as part of the restructuring program currently underway. The company will also sell assets worth about 2 billion baht in order to shift its focus to online ticket sales.

The International Air Transport Association (IATA) has meanwhile revised the airline industry’s 2022 financial performance. Industry losses are expected to fall to 9.7 billion dollars from an initial forecast of 11.6 billion. In its revision, the association cited increased travel demand – a trend it sees continuing as more countries move to relax curbs.

Information and Source

  • Reporter : Paul Rujopakarn
  • Rewriter : Paul Rujopakarn
  • National News Bureau :

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Women on boards: Thai listed companies lead the way

At the end of 2020, based on research by the Stock Exchange of Thailand that covered 731 companies, 87.3 percent of them had at least one female director on their boards

True-DTAC Merger Faces Delay

The plan originally called for a voluntary tender bid to be made within a year in order to proceed with the US$8.6 billion merger, but this need was not reached, according to Telenor of Norway.

What shifting supply chains for semiconductors mean for Emerging markets in South-East Asia

The manufacturing of semiconductors is dominated by three countries – China, South Korea and Taiwan – which accounted for 87% of the global market in 2021.