Thai Airways Reports Stronger Q1 Profit

[JuliusWong 0]

May 11, 2012

 

Thai Airways on Friday reported a surge in quarterly net profit on the back of a recovery in passenger traffic.

 

Thailand's flag carrier posted a January-March net profit of THB3.6447 billion baht (USD$117 million), versus THB618 million a year earlier and a loss of THB5.4 billion baht in the fourth quarter when severe floods hit the airline industry.

(Reuters)

[JuliusWong 0]

More info coming soon.........

[Josh T 0]

Wow. Impressive! Even more so when SQ posted a loss for the same quarter.

It'll be most interesting to see what MH's results are for the first quarter too...

[Raymund Yeoh 1]

:clapping: .....Way to go Thai!!......

[JuliusWong 0]

Results of operations of Thai Airways International PCL. and its subsidiaries are as follows:

January - March Increase (decrease) Unit : Million Baht

 

Total revenues: 2012 54,505 2011 51,851

Changes: + 2,654 million baht, + 5.1%

 

Total expenses *: 2012 51,164 2011 47,739

Changes: + 3,425 million baht; + 7.2%

 

Profit before income tax: 2012 3,868 2011 754

Changes: + 3,114 million baht, + 413.0%

 

Profit attributable to owners of the parent: 2012 3,645 2011 618

Changes: + 3,027 million baht; + 489.8%

 

Net profit per share (Baht): 2012 1.67 2011 0.28

Changes: + 1.39; + 496.4 %

 

EBITDA: 2012 9,781 2011 9,756

Changes: + 25 million baht ; + 0.3%

 

EBITDAR: 2012 10,966 2011 11,192

Changes: - 226; - 2.0%

* Excluding gains (losses) on foreign currency exchange

 

Passengers

• Available Seat –Kilometres ASK increased by 1.9%
  
• Revenue Passenger - Kilometres RPK increased 4.9% because of the promotion campaigns implemented post flooding in late 2011.
  
• Cabin load factor increased to 78.2%, higher than the 76.0% cabin factor achieved during the same period last year.
  
• No. of Passenger (million persons) over the quarter period compared to same period last year: 5.16 million versus 4.92 million, an increase of 4.8%
  
• Average of Aircraft Utilization (hour/aircraft/day) 11.7 hours vs. 12.4 hours; a decrease of 5.6%
  

Freighters/Cargo

• On the freight services side, THAI returned the last block-spaced freighter aircraft in February 2012. Consequently, THAI did not have any freighter aircraft available in March 2012 resulting in lower freight production.
  
• Freight and mail revenue amounted to THB 6,723 million, which was a decrease of THB 232 million or 3.3%, primarily due to the return of the last leased freighter aircraft in February 2012 while the first aircraft was returned in August 2011. This caused freight production (Available Dead Load Ton-Kilometers: ADTK) and freight traffic (Revenue Freight Ton-Kilometers: RFTK) to decrease from the same period last year by 3.0% and 6.8%, respectively.
  
• THAI plans to re-launch its freighter services in April 2012 with its own freighter aircraft converted from passenger aircraft.
  

Source: http://thai.listedco...1_THAI02_EN.pdf