The aviation sector in Thailand has made a remarkable recovery, achieving record profits in 2023 due to the revival of the country’s tourism industry.
Key Takeaways
- Thailand’s aviation sector saw a remarkable recovery in 2023, with record profits driven by a resurgence in the country’s tourism industry.
- Thai Airways reported unprecedented profits of 28 billion baht, marking a significant turnaround from its pre-pandemic losses, and aims to restore shareholders’ equity and resume trading its shares by 2025.
- Thailand plans to double Suvarnabhumi airport’s capacity and position itself as an aviation hub in the Asia Pacific region, with significant investments in airport expansions.
- The permanent visa-free agreement between Thailand and China is expected to stimulate post-pandemic recovery by easing travel for citizens of both countries, particularly Chinese tourists, who were a…
