Thai posts loss but places major Airbus order

High fuel bills and Japan disasters result in $262.7 million Q2 net loss

Thai Airways International has posted a $262.7 million Q2 net loss, explaining that the result was due to the impact of the Japan disasters this spring, currency exchange losses and a heavy increase in its fuel bill. The airline’s passenger traffic increased by 13.2%, but this was mainly due to a poor comparison period of the country’s political unrest in 2010. The cabin factor average for the second quarter was 66.4%. Thai Airways’ net loss for H1 2011 stands at $242.7 million.
Simultaneously to the financial news, Thai Airways announced that it had signed a major new aircraft purchase agreement with Airbus, placing a firm order for four A350-900 and five A320 aircraft, becoming a new customer for both aircraft types. In addition, the carrier plans to lease eight more A350-900s and six more A320s from third party companies. The new A350 XWB (extra wide-body) aircraft, which will be able to seat between 270 and 350 passengers depending on cabin layout, will operate on long-haul routes to Europe, while the narrow-body A320s will serve domestic and regional routes.
Business Traveller

x

Check Also

AirAsia, Ryanair, Norwegian, best, low-cost, budget, airline, world, Skytrax

Norwegian beaten as top budget airline

Sifting through the 2018 World Airline Awards for LCCs, Norwegian comes second (32nd overall), Ryanair 11th (64th overall).

A350-900ULR, SIA, Singapore Airlines, Singapore, New York, longest, route, flights, world, Newark, LA, Qantas, United, Continental, ULR, ultra long range

Skytrax winner Singapore Airlines profit down 59 percent

High oil price and lower fares hit the bottom line for the best airline in the world.

Singapore Airlines, business, premium economy, product, long-haul, Stockholm, first class

Skytrax 2018 airline awards, the best airline in the world is Singapore Airlines

The Skytrax awards were presented this week at the Langham Hotel in London and one Nordic carrier did well.

A350-900ULR, SIA, Singapore Airlines, Singapore, New York, longest, route, flights, world, Newark, LA, Qantas, United, Continental, ULR, ultra long range

Airlines target ultra-long range routes

Singapore Airlines is to launch the world’s longest commercial flights later this year with ULR aircraft.

SilkAir, SIA, low-cost, Asia, flights, airlines, routes, singapore airlines, merge, cabin, upgrade, lie-flat, business class, results, profit

SIA to upgrade – then merge with – SilkAir

The revelation comes a day after strong full-year results exposed SilkAir as a weak spot.

Airbus, flight, Singapore Airlines, a350 XWB, ultra long range, SIA, Singapore, New york, routes

SIA to deploy “ultra-long range” aircraft

Airbus claims its new plane will be able to fly further than any other commercial aircraft type.