Thai Airways reports ‘significant actions’ of 3Q2018

    Thai Airways reported (08-Nov-2018) the following “significant actions” in 3Q2018:

    • Development of revenue efficiency to increase all types of revenue, including passenger revenue via the revenue management system and ancillary revenue via online and digitalisation channels;
    • Development of operations with Thai Smile to be more efficient and profitable. Thai Smile performance monitoring board established guidelines for operational improvement, including improving flight planning to increase aircraft utilisation, reducing frequency of unprofitable services and increasing profitable services;
    • Thai Airways, the Royal Thai Navy and the Eastern Economic Corridor Office signed a MoU in Aug-2018 granting Thai the rights to operate at Utapao Rayong-Pattaya International Airport in the Eastern Special Development Zone;
    • Thai Airways and Rolls-Royce launched a Trent XWB R&D testing programme in Sep-2018;
    • Fleet development plan for 2019 to 2024, including the replacement of aircraft more than 20 years old, revised and updated to match market conditions and actual usage. During 3Q2018, Thai Airways decommissioned two Boeing 737-400 aircraft and sold one A330-300;
    • Thai Airways to form alliance with the Tourism Authority of Thailand, Airports of Thailand and Krungthai Bank to cooperate on tourism and data;
    • The carrier issued the second series of debentures totalling THB7 billion (USD212.4 million) in Aug-2018. Proceeds will be used to repay maturing debentures, invest in assets and for working capital;
    • The board appointed Sumeth Damrongchaitham as president, effective 01-Sep-2018.