!
Latest updates
kiwi Guarantee Book now and get protection against cancelations that would wouldn't get if you booked direct
Chiang Mai's Food Odyssey: Street Eats to Gourmet Feasts
Bangkok Airways to Resurrect Vital Flight Routes to Northern Thailand
Thai Vietjet Air: Exclusive May Offers for FUN Rewards Members
Hua Hin Airport anticipates surge in international flights after expansion
No more flights to Mae Hong Son
Really Cool Airlines to launch in December (Really!)
6 Steps to Grabbing Cheap Flights - DomesticFlightsThailand
Getting Around Bangkok
Koh Lanta: A Hidden Treasure Near Krabi
Sea, Sand, and Surf in Thailand: Top 5 Spots
All news
More travel guides
THAI Airways Posts First Profit in Four Quarters
29th Feb 2016
THAI Airways has posted the first profit in the three months prior to December, 2015. The company has suffered losses all year round and this is the first time it has posted a profit in the last four months.
The Thailand-based airline posted a net profit of 5.1 billion baht, or US$141.7 million. Only a year before, the company suffered a 6.4 billion baht loss in the same period.
The 51 per cent government-owned airline posted a full year loss of 13.05 billion baht and is regularly finding it difficult to stay ahead in the regional market. Still, it has managed to significantly reduce its full year losses, thanks in great deal to its turnaround plans, which included a 20 per cent cut in fuel expenses.
While posting its first net profit in a few months, THAI Airways mentioned that the global aviation industry faced numerous problems last year, such as ‘economic and political uncertainty and the global economic recession’.
Among other problems the airline pointed out the expansion of low-budget airlines, fluctuations in the exchange rate and China’s economic slowdown.
THAI Airways also said, in response to concerns regarding its international flight safety reputation, that it wasn’t affected by ICAO’s (International Civil Aviation Organization) safety rating downgrades for Thailand airline industry.
According to THAI Airways, it had recently passed the EASA (European Aviation Safety Agency) safety audit.
THAI Airways to Introduce Bangkok-Melbourne A350 Service in July
The national carrier is also planning to bring a new Airbus A350 service from Bangkok to Melbourne, Australia. The new service should start this year in July.
At the moment, THAI Airways operates two daily flights between Bangkok and Melbourne – one in the morning and one during night and is using Boeing 777 on the route.
Beginning 1st July, however, flights TG465 (Bangkok-Melbourne) and TG466 (Melbourne-Bangkok) will be changed to widebody Airbus A350-900. Flights TG461 (Bangkok-Melbourne) and TG462 (Melbourne-Bangkok) will be switched to A350 on 1st August.
THAI Airways has a total of 12 A350-900s on order, eight of which it is getting on a lease and four on direct order.
The airline also serves Sydney, Brisbane and Perth in Australia.
Categories:
Related Airlines
Related News
Thai consider adding 20 Twin-Aisle Jets
Thai Airways confirm winter schedule
