Thai Airways Reports Nine Billion Baht Losses in Nine Months

10801697_10152422338557190_2242538731771896391_nThailand’s embattled national carrier, Thai Airways International, has on Friday reported a “consolidated net loss of 9,117 million baht for the first nine months of this year.” Thai PBS reports that the 9+ billion Baht loss “represented a 2,864 million baht increase from the same period last year”.
THAI’s acting president “attributed the loss for the past nine months to the tourism industry [what else?] and tough competition in the industry … As a consequence, THAI suffered a 15% drop in passengers from 16.20 million in the same period last year to 13.77 million this year. The average number of seats sold per flight slipped to 70%, down nearly 10 percentage points from one year earlier.”
To visualize THAI’s obvious lack of passengers, we’ve embedded a photo a Norwegian friend took just two days ago before take-off on a Thai Airways flight from Bangkok to Copenhagen. “Lucky, not many passengers,” he commented on his Facebook post, i.e. lucky for him, not so lucky for Thai Airways.

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