Thai Airways International on Monday reported a 55.11 billion baht net profit last year on 81.52 billion baht in revenue from one-time transactions, mainly asset sales, and 19.70 billion baht operating loss.
The airline said last year’s operating loss was down 44% from the previous year but revenue from operations fell by 51% from 2020 to 23.75 billion baht.
Income from passengers and cargo decreased by 59.9% to 24.60 billion baht.
Operating expenses were 43.45 billion baht, down by 48.2%.
Apart from asset sales, the 81.52 billion baht revenue from one-time transactions included income from debt restructuring, the sale of investments and restructuring and downsizing.
As of Dec 31, the airline and…
