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Thai Airways International announces US$91 million quarterly loss
August 16th 2022
Thai Airways International (THAI) has reported a net loss of 3.2 billion baht (US$91 million) for the three months to June 30 compared with a 23.3 billion baht net profit in the same months in 2021. Read More » The year-ago results were improved by one-off asset sales and the outcome of its corporate and debt restructuring. Operating revenue jumped 282%, to 21.5 billion baht, THAI told the Stock Exchange of Thailand. Expenses increased by 126.3%, to 22.8 billion baht. The major factor in the recovery of the aviation industry from COVID-19 was the loosening of travel restrictions in many countries, a THAI statement said. This trend had boosted its flight operations and led to increased flight frequencies, it added. “In the second quarter of 2022, Thai Airways International Public Company operated and continuously provided full service on international routes to support the government's policy of restoring the country's economy,” the flag carrier said.
