Thai Airways International President Charamporn Jotikasthira insisted that the estimated revenue of Bt48 billion for the first quarter of this year was preliminary.
"The financial statements of the first quarter are being audited," he said in a filing to the Stock Exchange of Thailand.
Charamporn reportedly revealed first-quarter numbers to the State Enterprise Policy Office today morning. THAI has not yet disclosed the audited financial statements.
He told the office today that the overall situation improved in line with buoyant tourism industry, but the Bt48 billion revenue remained 1.3 per cent below target. In the first quarter, the airline's cabin factor increased to 78 per cent compared to 75 per cent in the same period last year.
In the filing to the exchange, Charamporn said he did not mention that THAI’s first-quarter net profit would be around Bt500 million.
THAI posted net losses in the last three years: Bt12 billion in 2013, Bt15.6 billion in 2014 and Bt13.07 billion in 2015.