The chairman of the Thai Airways rehabilitation plan says the airline is making good progress with cost-cutting exercises. Piyasvasti Amranand says Thailand’s national carrier has managed to recover 44.8 billion baht by cutting its workforce and ending aircraft lease agreements.
“Thai Airways’ operational performance has progressed satisfactorily in many aspects, including cost reduction and organisational restructuring.”
According to a TTR Weekly report, the airline implemented 400 priority projects to reduce operational expenses, achieving 77% of its cost-cutting target. The workforce has been slashed from 29,500 employees in 2021, costing 2,600 million baht a month, to 14,900 now, at a monthly cost of 600 million baht. Piyasvasti says the job cuts have saved the carrier 16 billion baht, in addition to a 12 billion baht reduction in fuel costs, and savings from fleet…
