Airline layoffs ahead as travel stalls
No earnings, slow recovery ahead
More layoffs in Thailand’s aviation industry will be seen this year as a result of no liquidity and a slow revival in international markets expected in the final quarter.
Airlines Association of Thailand (AAT) president Puttipong Prasarttong-Osoth said all airlines are struggling with earnings as the domestic market has yet to regain positive momentum. The fourth quarter of last year was the most prosperous period before the second outbreak ravaged the tourism industry from late December.
The pandemic has seen all airlines to reduce their workforce…