THAI reports over THB3.2-bn loss despite 155% increase in revenue - News Summed Up

THAI reports over THB3.2-bn loss despite 155% increase in revenue


The report said THAI and Thai Smile had 10,238 passengers and 10,870 passengers for domestic and international flights respectively for the first 10 days of May, compared to 4,929 passengers and 269 passengers, respectively, in October last year. The figures showed a significant increase in the number of passengers after the government relaxed travel restrictions, the report added. THAI said goods transportation by its planes has returned to 50 per cent of the pre-Covid level in 2019. THAI said it has increased frequency of THAI and Thai Smile flights from the second quarter of this year to respond to the increased demand following the easing of travel restrictions and the improvement in the Covid situation. THAI entered a court-supervised rehabilitation after reporting its worst-ever net loss of THB141 billion, hammered by the pandemic that began in 2020.


Source: The Nation Bangkok May 17, 2022 08:26 UTC



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