Record loss for THAI: More than 141 billion baht
Thai Airways International (THAI) suffered a record loss last year as air traffic came to a virtual standstill due to the pandemic.
KLM reports worst result ever for the first half of 2020
The dramatic consequences of the COVID-19 outbreak for aviation are even more evident in KLM's second quarter figures than those for the first quarter. Cargo is doing well, but passenger flights have not yet shown any structural recovery, despite KLM slowly and carefully expanding its network.
Thai Airways International (THAI) and its subsidiaries suffered a net loss of 10,91 billion baht in the first nine months of this year.
Transport Secretary Thaworn fears Thailand's ailing national airline, Thai Airways International (THAI), is heading for a record loss of more than 10 billion baht this year.
Even more loss for THAI Airways due to rising costs
THAI Airways, the national airline of Thailand, is still not doing well. The results for 2018 show an even greater loss. This is partly due to rising costs and fewer passengers.
National airline THAI's loss rises to 2,5 billion baht
The net loss of Thai Airways International (THAI) rose to 2,5 billion baht in the second quarter. According to the airline, this is mainly due to exchange rate losses. A year ago, the loss was 2,9 billion baht. In the first half of the year, THAI made a net loss of 2 billion baht.