Thai Airway International
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- Q2 2012 may face slight loss due to off-season, before reverting to profit in 2nd half 2012 - Only slight loss of B1bn projected in 2Q12, thanks to strategy adjustment and FX gain - European tourists return, likely supporting THAI to make p
Thai Airway International Plc (THAI)
Only slight loss of B1bn projected in 2Q12, thanks to strategy adjustment and FX gain
Although a strategy adjustment by reducing the number of flights to
meet with lower demands during the off season in 2Q12 would help
support the cabin factor to decrease only 4.0%qoq to 75.2%, passenger
yield in the quarter is projected to decrease accordingly by 4.4%qoq as
a result of the effect from ticket promotion and Euro appreciation by
3.3%qoq (revenue in Euro accounts for 30% of THAI
