Thai Airways lost 3.2 billion baht, a decrease from the previous year.

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Thai Airways International Public Company Limited and its subsidiaries Report on the results of the first quarter of 2022 by the company’s operating results. and its subsidiaries in the first quarter of this year had a total revenue of 11,181 million baht, higher than the previous year of 6,797 million baht (155%).

Overall revenue 155% higher than the previous year due to the increase in passenger and cargo revenue by 6,719 million baht (255.7%). Other service income increased by 103 million baht (8.3%) as the company started to return. Come to fly and provide regular flights on international routes. Covering Asia, Europe and Australia

Total operating expenses amounted to 14,4348 million baht, 2,967 million baht (26.1%) higher than the previous year, varying from increased production and/or transport volumes. including higher oil prices than the previous year. As for personnel expenses, decreased due to the implementation of the rehabilitation plan and other operating expenses decreased due to effective control of expenditures. As a result, operating loss before financial costs excluding one-time items was 3,167 million baht, a decrease of 3,830 million baht from the previous year (54.7%). In addition, there were also financial costs of 2,192 million baht, a decrease from Last year, 1,619 million baht (42.5%)

The Company and its Subsidiaries (i.e. Thai-vmadeus Southeast Asia Co., Ltd., Wingspan Services Co., Ltd., Thai Smile Airways Co., Ltd., Thai Flight Training Co., Ltd. and Euang Luang Tour Company Limited) has a net loss in the first quarter of 2022 of 3,243 million baht, a decrease of 8,962 million baht from the same quarter of the previous year or a loss of 73.4%, which is a net loss. of the parent company of 3,247 million baht, representing a capital gain per share of 1.49 baht, while the previous year’s loss per share was 5.59 baht.

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As of March 31, 2022, the Company and its subsidiaries had total assets of 162,423 million baht, an increase from December 31, 2021 by 1,204 million baht (0.7%). Total liabilities amounted to 236,909 million baht, an increase of 4,439 million from December 31, 2021. Baht (1.9%) Equity of the Company’s shareholders and subsidiaries were negative in the amount of 74,486 million baht, an increase of 3,235 million baht from December 31, 2021 from the loss from the Company’s operations. and subsidiary

Source – SET (1), (2), (3), Thai Airways International

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