Thai Airways International Public Co., Ltd. has reported an increase in its first quarterly profit, which stands at 3.64 billion baht, while adjusting its strategies to deal with the rising fuel price and fierce competition.
Thai Airways President Piyasvasti Amranand has disclosed that the national carrier has made a net profit of 3.64 billion baht during the first quarter of 2012, thanks to the increased foreigner influx into the country following the end of the flood crisis. Even though the rising fuel price and the fierce market competition at present are still impacting the company’s overall performance, Thai Airways has responded by improving its services, adjusting ticket sales strategies, as well as modifying flight schedules, routes and frequencies, in order to correspond to the passengers’ needs.
During the first three months of 2012, Thai Airways saw a total passenger count of 5.16 million, a Revenue passenger kilometer (RPK) of 15.6 billion/km, and 78.2% in cabin factor. THAI reports THB3 bil profit in Q1 : National News Bureau of Thailand