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THAI Airways registers first half loss of 28 billion baht

THAI Airways registers first half loss of 28 billion baht

14 Sept 00:18 Key points summarised by AI
  • THAI Airways reported a substantial 28 billion baht loss for the first half of the year, directly attributed to the severe operational impact of the COVID-19 pandemic.
  • Global travel restrictions and flight suspensions caused a drastic 98.6% reduction in passenger numbers for the airline during this period.
  • First-quarter revenues plummeted by 23.7 billion baht, resulting in a 22.676 billion baht loss, with second-quarter revenues further dropping to 2.492 billion baht as operations were largely suspended.
  • Despite the challenges, THAI implemented aggressive cost-cutting measures, including a 67.4% reduction in second-quarter expenses through salary cuts and operational tightening.
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