Thai Airways shows better Q2 operating results
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Thai Airways International reported the operating loss of Bt1.78 billion in the second quarter, a decrease by Bt2.93 billion from the same period last year, thanks to continued corporate restructuring measures and lower jet fuel expenses.
Fuel expenses in the quarter dropped by Bt3.18 billion or 21.3 per cent on year, as prices in the quarter declined by 27.9 per cent. Non-fuel expenses decreased by Bt184 million or 0.6 per cent on year.
The airlines reported the net loss of Bt2.9 billion in the quarter. This showed an improvement compared to the net loss of over Bt11 billion in the same quarter last year. Attributable to the net loss was the Bt427 million expense for a lay-off scheme as well as the Bt1.87 billion impairment losses.
In June, THAI decommissioned 1 operating lease aircraft (Boeing B777-200), leaving it with 94 active aircraft.
The quarterly passenger traffic (Revenue Passenger-Kilometres - RPK) decreased by 0.6 per cent due to lower demand within Asia. However, traffic of Thai Smile's domestic operations and international routes, especially Europe and Australia, increased. The quarterly cabin factor stayed at 69 per cent, compared to 69.2 per cent in the same period last year.
