Bangkok (NNT) – Thai Airways International (THAI) says it may be able to finish financial rehabilitation and resume equity trading sooner than originally expected.
According to THAI’s Head of Treasury and Accounting, Chai Eamsiri, measures to reduce airline spending and streamline operations and financial performance will enable revenue growth. With these developments, airlines may be able to resolve the issue of suspension with the Thai Stock Exchange (SET) by the 2025 deadline.
After the travel ban was relaxed, airline operating losses fell to THB 3.1 billion in the first quarter of this year, down from THB 6.9 billion in the same period last year.
Chai added that THAI is working to mobilize a new fund as part of an ongoing restructuring program. The company will also sell approximately THB 2 billion worth of assets to shift its focus to online ticket sales.
Meanwhile, the International Air Transport Association (IATA) has revised its 2022 financial performance in the aviation industry. Industry losses are expected to decrease from the initial forecast of $ 11.6 billion to $ 9.7 billion. In that revision, the association cited an increase in travel demand. This is a trend that is expected to continue as more countries move to mitigate curbs.
Information and sources
- Reporter: Paul Lujo Pakhan
- Rewriter: Paul Rujopakarn
- National News Bureau: http: //thainews.prd.go.th
https://www.thailand-business-news.com/companies/90963-thai-airways-forecasts-early-financial-rehab-exit Thai Airways International Predicts Early Financial Rehabilitation Exit