32.4 C
Bangkok
Sunday, April 28, 2024

THAI posts record B141bn loss

THAI posts record B141bn loss

SET considers delisting due to negative equity

Workers service a THAI Airbus A380-800 aircraft at Suvarnabhumi airport in September last year. (Reuters photo)

Thai Airways International, the flag carrier in the middle of a debt restructuring, reported a record loss last year after the coronavirus outbreak ground most of its services to a halt.

The net loss widened to 141.2 billion baht, or 64.68 baht a share, from 12 billion baht, or 5.51 baht a share in 2019, Thai Airways said in an exchange filing Thursday.

The annual loss was the largest ever for a Thai company, according to data compiled by the Stock Exchange of Thailand. Revenue slumped 73.8% to 48.3 billion baht.

Thai Airways, which has posted losses every year barring…

Read more…

Latest Articles