AirAsia Airbus A320-216 at Khon Kaen Airport

Thai Airlines Soar to Record Profits Amid Tourism Boom

BANGKOK (NNT) – Thailand’s aviation sector has experienced an impressive recovery, posting record profits in 2023, driven by a resurgence in the country’s tourism industry. Airlines and tourism-related businesses listed on the Stock Exchange of Thailand (SET) saw a dramatic shift from the previous year’s losses to substantial profits.

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The total profit for the sector reached 31.4 billion baht, escalating to 40 billion baht when including operations of Airports of Thailand (AOT). This turnaround is a major rebound from the 21 billion baht loss recorded in 2022, which also included AOT’s figures.

Full story: National News Bureau of Thailand

Krajangwit Johjit
National News Bureau of Thailand

TN

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