Thai demonstrations hit airline results

Thursday, 26 Feb, 2014 0

Thai Airways International announced a third successive quarter of losses yesterday due partly to a drop in traffic at a time when the airline had increased capacity with the delivery of seven new aircraft.

A drop in the value of the baht against other currencies, caused by concerns for the Thai economy sparked by anti-government protests, also impacted on the airline’s balance sheet by pushing up its foreign debt.

The result for the full year was a net loss of 12 billion baht, which compared with a profit of 6.2 billion baht in 2012.

Thai’s total passenger load factor for last year fell 2.5 percentage points to 74.1%.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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