Mr Piyasvasti told the Bangkok Post that THAI had slipped to be among the world's top 30 airlines as it entered into its rehabilitation process. That lowered the payroll from 2 billion baht per month to about 700 million baht currently. THAI also downsized its fleet from 103 planes to 61, of which 20 belong to its subsidiary Thai Smile Airways. Suvadhana: Wants a top-10 rankingTHAI entered bankruptcy last year to restructure 400 billion baht of debt. In the second quarter, THAI and its subsidiaries reported total revenue excluding one-time transactions of 21.5 billion baht, up 282% year-on-year.

Source: Bangkok Post August 30, 2022 23:21 UTC