Regional Round-Up
New THAI president says 6,000 job must go
November 1st 2014
Thai Airways International’s (THAI) third president since last December, Siwakiat Jayema, is seeking approval for a four billion baht (US$126 million) cost cutting program that includes eliminating 6,000 jobs by 2018 from the flag carrier’s bloated payroll. Read More » Struggling THAI’s efforts to stay afloat were highlighted by the airline’s decision to cancel its only remaining destination to Africa, Bangkok to Johannesburg, from January next year.
 |
THAI, along with all Thai airlines, has suffered from the prolonged political protests of 2103 that culminated in a military coup in May. International visitors fell off dramatically during the unrest and have yet to return to pre-protest numbers. Airlines and hotels are reporting that the impact of the political uncertainty, coupled with the conflicts in the Ukraine, have produced very low pre-high season bookings in the resorts of southern Thailand, particularly Phuket and Koh Samui. THAI reported a loss of 7.7 billion baht for its second quarter to September 30.
