Thai-Airways Boeing 747-4D7 taking off at Munich Airport

Thai-Airways Boeing 747-4D7 taking off at Munich Airport. Photo: Julian Herzog.

THAI Suffers Loss About 11.6 Billion Baht in 2018


BANGKOK, March 2 (TNA) — Thai Airways International (THAI), the national flag carrier, consolidated net loss plunged to about 11.6 billion baht in 2018 compared to loss of only 2.1 billion baht in the previous year, mainly because of several negative factors ranging from high competition in the market to rising fuel prices.

In its announcement announced Friday, THAI said last year’s soaring consolidated net loss was attributed to higher fuel costs, up 19.7 per cent compared with a 30 per cent average increase in fuel prices, while operating expenses, excluding fuel prices, jumped 7.3 per cent, or 9.8 billion baht, due to higher repair and maintenance costs, plane rentals and depreciation costs.

Full story: tnamcot.com

TNA

Share this article


Leave a Reply

By using the site you agree and accept the terms of this Privacy and Cookies Policy. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close