Thai Airways International Public Company Limited (THAI) announced a profitable fourth quarter, marking the fourth consecutive quarter of profits, underpinned by a steady recovery in passenger numbers amid the Covid-19 era. The growth has been particularly driven by a surge in visitors from China.
Thai Airways recorded a net income of 1.54 billion baht (US$43 million) for the quarter ending in September, marking a significant turnaround from the loss of 4.79 billion baht experienced during the same period last year, according to their recent exchange filing.
The data reveals that passenger numbers have risen to 3.27 million, an increase of 22% from last year’s corresponding quarter. This period was when Thailand had just begun to lift Covid-related travel restrictions. Notably, despite the low tourist season, the influx of visitors from China saw an…
