January 19, 2017 10:30 AM ET

Airlines

Company Overview of Thai Airways International Public Company Limited

Company Overview

Thai Airways International Public Company Limited, together with its subsidiaries, engages in the air transportation activities in Thailand and internationally. It operates through three segments: Air Transportation Activities, Business Units, and Other Activities. The company provides air transportation services, such as passenger, freight, and mail services; services related to transportation activities, including cargo and mail commercial, ground customer, ground support equipment, and catering services; and dispatch, sales on board, THAI shop, and technical services. It also offers information technology for travel services. As of December 31, 2015, the company’s route network covered 63...

89 Vibhavadee Rungsit Road

Chom Phon

Chatuchak

Bangkok,  10900

Thailand

Founded in 1960

Phone:

66 2 545 4053

Fax:

66 2 545 3920

Key Executives for Thai Airways International Public Company Limited

Thai Airways International Public Company Limited does not have any Key Executives recorded.

Thai Airways International Public Company Limited Key Developments

Thai Airways International Public Company Limited Unveils 4 New Evening Flights to Bangkok, Effective Dec. 1, 2016

Thai Airways International Public Company Limited announced the introduction of four additional evening flights a week to Bangkok effective Dec. 1, 2016. These bring to a total of 14 flights or double daily services between Manila and Bangkok utilizing a wide-bodied Boeing 777-200 with Audio Video- On-Demand (individual video monitors on economy class). TG621 leaves Manila at 1310, arriving in Bangkok at 1525 to conveniently connect with THAI’s flights to the Indian Subcontinent, Dubai, Indo China, Auckland, Domestic Thailand and selected cities in Australia and Asia. TG625 leaves Manila at 2005/2020 to arrive in Bangkok at 2220/2235 to conveniently connect with THAI’s flights to Europe and selected cities in Australia, China and Japan.

Thai Airways International Public Company Limited Announces Unaudited Consolidated and Separate Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Reports Impairment Loss for the Third Quarter Ended September 30, 2016

Thai Airways International Public Company Limited announced unaudited consolidated and separate earnings results for third quarter and nine months ended September 30, 2016. For the quarter, on consolidated basis, the company reported total revenues from sales or revenues from services of THB 43,270,163,690 compared to THB 43,833,655,991 a year ago. Total revenues were THB 44,283,396,393 compared to THB 39,887,105,965 a year ago. Loss before income tax expense was THB 1,340,482,698 compared to THB 8,870,207,289 a year ago. Loss attributable to owners of the parent company was THB 1,601,417,777 or THB 0.73 per basic share compared to THB 9,900,871,694 or THB 4.54 per basic share a year ago. The company's financial performance for the third quarter of 2016 showed an operating loss of THB 836 million, a decreased by THB 3,403 million (80.3%) from last year since the fuel expenses decreased by THB 5,504 million (33.6%) resulting from the falling jet fuel prices by 15.3% and better fuel risk management. For the quarter, on separate basis, the company reported total revenues from sales or revenues from services of THB 41,437,057,911 compared to THB 42,878,603,090 a year ago. Total revenues were THB 42,483,190,429 compared to THB 39,191,052,730 a year ago. Loss before income tax expense was THB 297,428,100 compared to THB 8,063,093,077 a year ago. Loss attributable to owners of the parent company was THB 640,804,698 or THB 0.25 per basic share compared to THB 9,081,801,152 or THB 4.16 per basic share a year ago. For the nine months, on consolidated basis, the company reported total revenues from sales or revenues from services of THB 133,751,627,321 compared to THB 136,412,058,596 a year ago. Total revenues were THB 135,741,561,039 compared to THB 139,408,155,831 a year ago. Profit before income tax expense was THB 344,153,329 compared to loss before income tax expense of THB 19,144,695,603 a year ago. Profit attributable to owners of the parent company was THB 1,476,682,007 or THB 0.68 per basic share compared to loss of THB 18,118,806,780 or THB 8.30 per basic share a year ago. Net cash provided by operating activities was THB 18,028,077,881 compared to THB 15,801,498,716 a year ago. Cash paid for acquisition of fixed assets was THB 4,601,336,545 compared to THB 2,795,372,590 a year ago. Cash paid for intangible assets was THB 6,035,344 compared to THB 47,793,736 a year ago. For the nine months, on separate basis, the company reported total revenues from sales or revenues from services of THB 129,108,394,379 compared to THB 133,741,290,973 a year ago. Total revenues were THB 131,364,933,691 compared to THB 137,277,866,863 a year ago. Profit before income tax expense was THB 2,012,389,040 compared to loss before income tax expense of THB 17,897,796,866 a year ago. Profit attributable to owners of the parent company was THB 3,188,387,976 or THB 1.46 per basic share compared to loss of THB 716,533,532,477 or THB 7.57 per basic share a year ago. Net cash provided by operating activities was THB 17,774,087,815 compared to THB 15,193,500,392 a year ago. Cash paid for acquisition of fixed assets was 4,593,287,900 compared to THB 2,783,191,756 a year ago. Cash paid for intangible assets was THB 4,601,170 compared to THB 36,541,207 a year ago. For the quarter, the company reported impairment loss of assets was THB 173,024,281 against THB 99,273,593 a year ago. Impairment loss of aircraft was THB 450,939,459.

Thai Airways International Public Company Limited Announces Operating Results for the Third Quarter of 2016

Thai Airways International Public Company Limited announced operating results for the third quarter of 2016. For the quarter, the company's the traffic production (ASK) increased 4.8% from last year to support industrial growth while passenger traffic increased 3.4% resulting the cabin factor was 73.5% compared to 74.4% last year.

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