Thai Airways operating loss widens in 2Q2018; USD32m operating profit in 1H2018

    Thai Airways reported (10-Aug-2018) the following financial highlights:

    • Three months ended 30-Jun-2018:
      • Total operating revenue: THB47,239 million (USD1477 million), +4.6% year-on-year;
        • Passenger and excess baggage: THB36,845 million (USD1152 million), +0.7%;
        • Freight and mail: THB5437 million (USD170 million), +13.9%;
      • Total operating costs: THB50,046 million (USD1565 million), +6.4%;
        • Fuel: THB14,152 million (USD442.4 million), +15.3%;
        • Labour: THB7621 million (USD238.3 million), -2.9%;
      • Operating profit (loss): (THB2807 million) (USD87.8 million), compared to a loss of THB1842 million in p-c-p;
      • Net profit (loss): (THB3086 million) (USD96.5 million), compared to a loss of THB5208 million in p-c-p;
      • Passenger yield: THB2.10 (USD 6.6 cents), -0.9%;
      • Freight yield: THB8.47 (USD 26.5 cents), +5.9%;
    • Six months ended 30-Jun-2018:
      • Total operating revenue: THB100,705 million (USD3166 million), +6.0%;
        • Passenger and excess baggage: THB80,960 million (USD2546 million), +3.7%;
        • Freight and mail: THB10,773 million (USD339 million), +11.9%;
      • Total operating costs: THB99,677 million (USD3134 million), +5.7%;
        • Fuel: THB28,186 million (USD886 million), +12.2%;
      • Operating profit: THB1028 million (USD32.3 million), +41.8%;
      • Net profit (loss): (THB349 million) (USD11.0 million), compared to a loss of THB2054 million in p-c-p;
      • Passenger yield: THB2.20 (USD 6.9 cents), +1.4%;
      • Freight yield: THB8.31 (USD 26.1 cents), +3.4%;
      • Total assets: THB281,956 million (USD8865 million);
      • Cash and cash equivalents: THB14,101 million (USD443 million);
      • Total liabilities: THB250,635 million (USD7880 million). [more – original PR]

    *Based on the average conversion rate at THB1 = USD0.031264 for 2Q2018
    *Based on the average conversion rate at THB1 = USD0.031442 for 1H2018