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Home » Flight tickets » Even more loss for THAI Airways due to rising costs
Even more loss for THAI Airways due to rising costs
It's still not going well THAI Airways, the national airline of Thailand. The results for 2018 show an even greater loss. This is partly due to rising costs and fewer passengers.
The loss amounted to almost 324 million euros last year. That is five times more than a year earlier.
Turnover rose by three percent to EUR 5,4 billion, but costs rose by ten percent to EUR 5,7 million. Aircraft leasing and the fuel bill in particular are responsible for the high costs.
Thai Airways has been loss-making for years, the Thai must make up for the shortfalls. Society has a lot of problems with low-cost fighters in the region. Nevertheless, management is optimistic and expects a better result in 2019. The aim is to return to profitability in 2022.
Source: Luchtvaartnieuws.nl
It's about time they got cheaper.
for half of their ticket prices you can fly from brussels or amsterdam to them, with a stopover.
the bill has been made quickly!!
their domestic flights are also usually twice as expensive as air asia and the like.
Dear,
Booked for the month of September 3 weeks ago , Manila-Brussels return on THAI Airways website.
Was 600 euros, waiting time Bangkok each time 1h50.
The prices are apparently too high compared to other airlines. Too bad, because the service of Thai airways is very good, partly due to the friendly and helpful staff.
Maybe they can ask the staff to be more friendly towards compatriots, this is the reason for me that I no longer fly with Thai airways, sweetheart to me, but my wife was treated like old dirt.
My wife has never been treated like dirt at Thai Airways.
I have already seen how some Thai people treated the crew and that is nothing to be proud of.
Strange because I thought that Thai Airways always had fully occupied flights and was therefore very solvent (profitable) given their more expensive prices!
However, all their direct flights to and from Europe are always 99% full.
We fly in May and back in June with Etihad, the ticket costs € 482, on the date we want to fly with Thai Airways € 745, difference € 263 x 3 = € 789.
Transfer 1.50 hours and back 2 hours.
I am quite willing to pay a little more for a direct flight, but this difference is very large.
The REAL reason why THAI is losing is favoritism, which leads to unnecessary many functions and therefore staff, corruption, a management style that is Thai, too many routes and some fringe & consequence causes.
All airlines are affected by low-cost carriers (LCCs), all airlines are affected by higher fuel prices. The problem of THAI has been known for a long time and as long as the Thai government sticks to the current company structure and management, THAI will also be loss-making. There are plenty of examples of airlines that are profitable (including KLM) that face the same problems.
THAI flies to Oslo, Stockholm and Copenhagen. Is that needed? 3 cities in a small radius. I wonder what the occupancy rate is. And that is actually exemplary for the excess of flights that THAI carries out. And then they fly from Brussels, Frankfurt and Paris. Ditto… how full are those flights??
And yet the flights to Belgium are always full? Why fly cheaper then!
People have money, and in a jerk to Brussels and you avoid the customs at Schiphol, Brussels is much more flexible and then flying at less than 11 o'clock is decisive,
Dear Gerard,
I have been flying at Schiphol for 50 years.
On my walk from my gate to the exit I'm already looking at the train connections!
Usually I'm on the railway platform within 20/25 minutes from my airplane seat! Nobody has to pick me up anymore, because within 1 and 7 minutes I will be back in Tilburg at the railway station.
In November we flew to Sydney Australia with Thai Airways. From Schiphol with Lufhansa to Frankfurt, then via Bangkok with a stopover to Sydney. on board was not really great, we honestly also had a higher expectation. Would not choose them for a second time. More often flown to Australia with different companies that were better.
I am not surprised that they are losing. If you ask Thai Airways why they do not have or provide Premium Economy, you will get the answer that this does not fit into their business plan and that they do not consider it necessary to introduce it.
We therefore wisely carried out our last trip to SE Asia, Hong Kong and Sydney with Cathay Pacific from Brussels. On this route, the Premium compartment was 100% full on every flight… In Economy the tickets were even cheaper than at Thai and the service on Cathay is certainly not inferior to our Siamese friends.
Yes I am now flying with Ethihad! If I compare the prices, a nice difference with Thai airways
Always find that very odd. Airlines that have expensive tickets and are fully booked make a loss. Companies with which you fly for free (eg Ryanair) and where the plane is only half full make a profit.
Price fighters, fuel and leasing as the cause? And I just think that Thai Ait has been writing red figures for years because of poor management, all kinds of benefits such as free flying for people with nice positions plus their family (and then 1st class too), too many people in the organization compared to other airlines and a fleet that is a mixture of different aircraft, which is much less efficient than a fleet with 2-3 types of aircraft. But from the looks of it, we shouldn't look there, the blame lies with external factors...