Somehow, Thai Airways has managed to recover from its financial woes and is now emerging stronger, with plans to leave rehabilitation early.
In a similar vein to other airlines that have emerged from financial distress, Thai Airways is roaring back to life in 2023. Things are going so well that recently appointed CEO Chai Eamsiri predicts the carrier will exit rehabilitation by late 2024 and return to the Thai Stock Exchange by 2025.
Beating the plan and nearing 2019 levels
At a media briefing earlier this month, Chai said the airline is running well ahead of its business plan targets, with expected earnings before interest, tax and depreciation (EBITDA) of 20 billion Thai baht ($582 million) this year.
While it has yet to announce its 2022 results officially, Chai said revenue increased fourfold to nearly 90 billion baht ($2.62…
