Thai Airways International planes sit idle at Suvarnabhumi airport. (Photo: Somchai Poomlard)
Thai Airways International has posted a huge loss for the third quarter, its deficit up more than four-fold on last year, after the coronavirus pandemic shut down global tourism.
Acting president Chansin Treenuchagron said on Thursday the carrier’s net loss in the third quarter ending September was 21.53 billion baht, leapfrogging from 4.68 billion baht for the same period last year.
Its load factor, a key indicator of the utilisation of airline fleets, dived to 35% from 80% a year ago, and the number of passengers was down 92% from the third quarter of 2019 to only 490,000.
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