Thai Airways International Plc and Bangkok Airways Plc have experienced a significant increase in their first-quarter earnings as tourists return to Thailand in growing numbers.
Thai Airways reported a net income of 12.51 billion baht for the three months through March, a considerable improvement from the 3.25 billion baht net loss they incurred during the same period last year. Meanwhile, Bangkok Airways’ net income amounted to 875 million baht, in contrast to their 1.02 billion baht net loss for the corresponding period of the previous year.
As visitors are attracted back to Thailand’s beaches and temples, the Finance Ministry anticipates international arrivals to near the 30 million mark in 2023, up from the 11.2 million recorded last year.
Thai Airways saw its first-quarter total operating revenue more than triple to 41.5 billion baht, up…
