Thai Airways International reports sharp profit increases in 1Q2012

Thai Airways International revenue up 5% - financial highlights for three months ended 31-Mar-2012:

• Total revenue: THB54,508 million (USD1769 million), +5.1% year-on-year;
  
  • Passenger and excess baggage: THB44,957 million (USD1459 million), +7.2%;
  • Cargo: THB6723 million (USD218.2 million), -3.4%;
• Total costs: THB50,637 million (USD1643 million), -0.9%;
  • Fuel: THB20,326 million (USD659.6 million), +16.1%;
  • Labour: THB7094 million (USD230.2 million), -8.3%;
• Profit before tax: THB3868 million (USD125.5 million), +413%;
• Net profit: THB3645 million (USD118.3 million), +489%;
• Passenger numbers: 5.2 million, +4.8%;
• Load factor: 78.2%, +2.2 ppts;
• Cargo traffic (FTKs): -6.8%;
• Cargo load factor: 54.4%, -2.2 ppts;
• Total assets: THB281,397 million (USD9132 million), +2.5% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: THB19,278 million (USD625.6 million), +15.7% when compared to period ended 31-Dec-2011;
• Total liabilities: THB213,752 million (USD6937 million), +1.3% when compared to period ended 31-Dec-2011. [more - Original PR]

*Based on the average conversion rate at USD1 = THB30.8139 for the period