Thai Airways Expects Losses to Narrow This Year

12th Nov 2019

AirAsia Plane

Flag carrier Thai Airways International Public Company Ltd. expects its losses this year to narrow markedly by 39 percent, to be supported by a projected increase in passenger volume.

Thai Airways president Sumeth Damrongchaitham said on Tuesday that the airline now expects a loss of THB2.2 billion as against the THB3.6 billion loss recorded in full year 2018.

The company previously projected a THB10 billion loss for this year.

In addition, Damrongchaitham said that Thai Airways aims to raise its available seat kilometers (ASK) by 2 to 3 percent by next year. ASK captures the total flight passenger capacity. It is equivalent to the number of available seats multiplied by the number of kilometers in which those seats were flown. 

Damrongchaitham said that operations of Thai Airways’ subsidiary Thai Smile will be boosted by increasing its productivity and the number of hours of usage to 10 hours and 30 minutes from the eight hours currently.

For Thai Airways, usage and productivity will be raised to 12 hours and 30 minutes from the 12 hours and 15 minutes at present.

Thai Airways is also looking to achieve 80 percent of load factor, a measurement which determines the available seating capacity regularly filled.

Before the end of the year, Thai Airways is set to receive three new aircraft to replace the old existing fleet.

Thai Airways will also launch new routes, a partnership with the Tourism Authority of Thailand, to attract more tourists into the country.