THAI reports net loss in Q4

Thai Airways International Plc reported a third consecutive quarter of red ink on Tuesday because of foreign-exchange losses, increased costs and a low number of passengers relative to seats.

The airline posted a net loss of 5.65 billion baht for October-December against a profit of 792 million a year earlier and a loss of 6.2 billion in the previous quarter.

The result compared with a mean forecast of a 7-billion-baht loss from five analysts surveyed by Reuters.

The fourth-quarter figure brought the airline's full-year net loss to 12 billion baht versus a profit of 6.2 billion in 2012.

Shares in Thai Airways closed down 1.5% to 13 baht ahead of the earnings release, compared with a 0.2% rise in the benchmark index.

Thai Airways expects to remain in the red in 2014 due to a drop in passenger numbers as a result of prolonged political unrest, a board member has told Reuters.

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Discussion 1 : 26/02/2014 at 01:04 AM
I agree with you, they have lost billions in recent years. Because the owners can't be asked to update the THAI fleet. Although they've started to do it now. It's become to late, because people from Europe use Emirates, British Airways, Singapore, etc.. If they had updated 4-5 years ago, they could be going up and making billions in revenue. The fact is that 51% goes to government officials, the company itself should become independent, similar to what the Thai police want at the moment...
Discussion 2 : 26/02/2014 at 12:58 AM
THAI Airways, needs to expand their destinations. Because most airlines now have over 105+ compared to THAI, which has below 100. Although the political trouble in Bangkok. THAI hasn't done that well in recent years, partly due to the fact they have old planes. For example, THAI could use their A380 for longer distances, and cities further so they would have a wider market, where they are able to make more profits. The other problem is the cost for the tickets. For such a high price you expect to get something good out of it; but in this case you don't...
Discussion 3 : 25/02/2014 at 11:31 PM
Rubbish wake up it's all down to protest. Wait and see when the country back on its feet.if thai airways is in the red and as for the upgrade you would be able to upgrade if there are seat averable with this amount off air miles or better pay for business class dig deep in your pocket.
Discussion 4 : 25/02/2014 at 11:29 PM
Steveyinasia, I agree with you very much. I am a frequent flyer on business trips around Asia. Even medium haul flights, business class and economy on board Emirates, Cathay Pacific and Singapore Airline are much better and at most times cheaper than THAI.
Discussion 5 : 25/02/2014 at 10:55 PM
THAI is always more expensive than almost all other airlines and nobody knows why. In spite of this I use to fly THAI because there are so many empty seats on the flight that you can lay down and take a nap lol from iPhone application.
Discussion 6 : 25/02/2014 at 08:25 PM
The losses have nothing to with the poetical unrest, the airline is outdated with too much political interference to function correctly. The upper management has no idea how the run an airline in a commercial capacity. I travelled more that 200,000 miles last year on Thai and no one upgrade, business class is full of hi so's that are paying nothing to be there.

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