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THAI Airways registers first half loss of 28 billion baht


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In one report I read, Bloomberg maybe, the cumulative losses over the past few years has totalled around 10 BILLION U.S. dollars...how is that even possible during a period of unprecedented boom in tourist and business travel to Thailand over the past decade? All airlines are having a very tough time now during Covid but it's no surprise Thai Airways was one of the first to fall out of the sky. It's a shame that mismanagement, union intransigence, and corruption have laid low what was once one of Asia's premier airlines.

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On 8/14/2020 at 1:48 PM, ExpatOilWorker said:

They took all our ticket money, flew very few flights and still loses billions. How is that even possible?

They are still paying leases for the planes, parking fees, taxes, some salaries, some maintenance...as well, flying passengers doesn't bring in any serious money, even if the plane is full. 

 

I was with Air Canada for 10 years and the profit margin per passenger was around 3 cents a flown mile. To put it clearly, if a passenger flew 2300 miles (3700 km) which is from Bangkok to Seoul, the airline would make a profit of about $70 off of that passenger. So that's what, about 2000 baht?

 

Cargo is where airlines make their serious profit. 

 

It's easy to understand how the airlines are losing so much. Thai is a <deleted> airline anyway. let it die.

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