Thai Airways Optimistic For 2019, Eyes 8% Passenger Volume Growth

29th Oct 2019

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Thai Airways International Public Company Ltd. is targeting to hit an 8% growth in passenger volume by year-end on the back of new flights and an improving economy.

Thai airways vice president for sales Nond Kalinta told reporters that the company is optimistic that performance for 2019 will improve.

The airline is projecting its debt to drop to less than 6 billion baht as it saw a 5-percent growth in passenger volume during the first nine months of the year as compared with the same period in 2018.

Nond said new flights will be launched between Bangkok and Vienna, Austria; Brussels, Belgium; and Paris, France by year-end, while for 2020, They plan to maintain their foothold over Europe and grow their presence in the emerging markets as well as in India and Japan.

“The Japan route has been a potential market for some time now, so more routes to Japan will be available to serve the needs of a certain group of passengers,” Nond said.

“Also, flights to Europe should not be ignored as 80 percent of these flights have been booked in advance,” he added.

Thai Airways is also bullish about its business outlook for the year due to a stronger baht.