Floods inflict Q4 loss on Thai Airways

But cabin factor rises from a 2011 average of 70% to 76-78%

Thai Airways has warned that it anticpates a net loss of THB5 billion baht (USD$157 million) in the fourth quarter, a loss deepened by the devastating floods that hit Thailand last year. The airline’s president, Piyasvasti Amranand, revealed that weakening passenger numbers were also a factor.
However, there are signs of recovery as the airline’s cabin factor has risen to approximately 76-78% from an average just 70% in 2011. There are also plans to cut the salaries of top executives, a move that will save around THB600 million baht a year in operating costs.
Reuters
[pictured: Thai Airways cabin crew]

x

Check Also

KrisFlyer, SIA, Singapore Airlines, blockchain, technology, wallet, spend, shopping, retail

SIA creates “blockchain-based loyalty wallet”

Singapore Airlines’ loyalty scheme will launch the “world's first blockchain-based loyalty digital wallet”.

Copenhagen, CPH, airport, Nordic, Stockholm, where, confirm, Air India, dreamliner, 787, new route, Delhi,

Air India to be split up and sold

Debt-heavy flag carrier links Delhi with Scandinavia.

iata, forecast, 20 year, China, USA, world, travel, air, airlines, demand, India, UK, Europe, Indonesia, Asia

Airbus: A380 production may end

But a deal with its biggest customer could still happen

Singapore Airlines, SIA, profit, year, operating, net, revenue, Korean air, quarter, 2016, 2017

Singapore Airlines flight on fire at Changi

Flames erupt from SIA Boeing aircraft on landing

premium economy, seating, SIA, Singapore Airlines, bid, upgrade, auction

SIA starts to auction seat upgrades

New bidding tool available invitation-only

pyjamas, Qantas, Singapore Airlines, premium, first class, luxury

Airlines go to war – over your pyjamas

Carriers battle over the finest exclusive nightwear