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Saturday, May 4, 2024

THAI bullish on earnings

Thai Airways International jets are visible from the passenger terminal of Suvarnabhumi airport on Sept 1. (Photo: Somchai Poomlard)

Thai Airways (THAI) is expected to earn at least 130 billion baht in revenue this year after its net profit in the first quarter reached 12.5 billion baht.

THAI CEO Chai Eamsiri said on Friday the airline is expected to finish its financial rehabilitation in 2025 as planned.

He said the national carrier earned 41.5 billion baht of revenue in the first quarter — 271.2% more than the income of 11.1 billion baht in the same period last year due to increased commercial flights.

He added that flights to some popular tourist attractions, such as Japan and Korea, increased in the last quarter, with…

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