Tags : Losses

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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 […]Read More

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Bank report says 2.6 billion baht financial loss so far

The ongoing smog problem in and around Bangkok has caused financial loss estimated at 2,600 million baht since late last month in term of lost opportunities in health and tourism aspects, according to the assessment report of Kasikorn Research Centre of Kasikorn Bank. The report said that the smog problem is not new for Thailand […]Read More

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Yingluck rice-loss bill cut to B286bn

Former prime minister Yingluck Shinawatra will be fined 286.6 billion baht in compensation for losses incurred by her government’s rice-pledging scheme following the latest evaluation by a government panel. Jirachai Moonthongroy, deputy permanent secretary at the Prime Minister’s Office, who headed a committee looking into administrative offences involving the rice programme, reported the findings to […]Read More

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Thai Airways to stop stashing parts to stem losses

Thai Airways International Plc (THAI) will stop storing aircraft parts as part of the loss-ridden airline’s efforts to solve its financial woes. The move comes after the company failed to meet the cost-reduction targets outlined by its original business rehabilitation plan. Read more: Bangkok PostRead More

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Thai Airways suffers 12.7 billion baht loss for the second

Thai Airways International on Thursday announced it second quarter performance with a net loss of 12.7 billion baht compared to 7.6 billion baht of the same period last year. The national flag carrier attributed its increased loss to reduction in combined revenue by 1.5 billion baht or 3.6 percent down for the second quarter. Read […]Read More

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Supa Piyajitti claims loss from rice scheme exceeds 600 billion

Loss from the controversial rice pledging scheme of the former Yingluck government has now surpassed 600 billion baht because of additional rotten rice in the stockpiles, said Ms Supa Piyajitti, a member of the National Anti-Corruption Commission, on Friday. As the damaged party, she said that the government should take the case to the court […]Read More

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Thai Airways suffers huge loss

Thai Airways International (THAI) posted a net loss of 15.57 billion baht in 2014, up by 29.8%, or 3.57 billion baht, from the 2013 loss, due mainly to the local political situation and fierce competition, airline president Charamporn Jotikasthira said on Thursday. He said the loss per share was at 7.15 baht, up from 5.52 […]Read More

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Thai Airways: Losses caused by sluggish tourism

BANGKOK, 30 January 2015 (NNT) – National carrier Thai Airways International (THAI) says its losses last year was mainly due to Thailand’s tourism slowdown, not the company’s oil price hedging. THAI Financial Director Ratch Tantananta said the airliner made a profit from oil price hedging during the first nine months of 2014 as well as […]Read More