News Forum - Thai Airways Q4 profit soars

[Thaiger]

Thai Airways Q4 profit almost tripled as tourists started to return to the holiday kingdom. The carrier’s net income for the three months ended Dec 31 rose to 11.2 billion baht (U$300 million) from 4 billion baht a year earlier, chief executive officer Chai Eamsiri said on Friday. Thai Airways Q4 profit to support strong …

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[Ramanathan.P]

Does this revenue includes the sale of few Thai airplanes which were disposed recently?

[Soidog]

So still making a loss. Just not as much loss as in 2021. Well who would think an airline that was essentially shut down in 2021 would lose less money in 2022? It’s good news that the losses are reducing but its liabilities still outweigh its assets by some $110 million and still making a loss. 

[Grumpish]

2 minutes ago, Soidog said:

So still making a loss. Just not as much loss as in 2021. Well who would think an airline that was essentially shut down in 2021 would lose less money in 2022? It’s good news that the losses are reducing but its liabilities still outweigh its assets by some $110 million and still making a loss. 

You are just quibbling over the fine print, remember that to an accountant the answer to 2+2 is "whatever number you need it to be. 

[KaptainRob]

Thai Smile has never made a profit in its ~8 years and may soon be folded into Thai ... and add to the revenue stream 555

Anyone had a refund yet? 

[Ramanathan.P]

3 hours ago, KaptainRob said:

Thai Smile has never made a profit in its ~8 years and may soon be folded into Thai ... and add to the revenue stream 555

Anyone had a refund yet? 

Refund?....from Airlines in developing countries....you must be joking. . It is something like the banana that the elephant has swallowed. Even in the droppings you cannot find anything