Thai Airways net profit doubles in 2010

Thai Airways revenue up 12% - financial highlights in 2010:

• Total revenue*: USD6032 million, +12.4% year-on-year;
• Total costs**: USD5756 million, +10.6%;
  • Fuel: USD1850 million, +20.2%;
  • Labour: USD1097 million, +28.0%;
• EBITDA: USD949.0 million, -4.6%;
• EBITDAR: USD1090.7 million, +4.4%;
• Net profit: USD502.5 million, +109.0%;
• Passenger numbers: 18.2 million, -1.7%;
• Passenger load factor: 73.6%, +0.6 ppt;
• Cargo traffic (FTKs): +17.2%;
• Cargo load factor: 61.5%, +9.4 ppts;
• Total assets: USD9616 million, ++8.1%;
• Total liabilities: USD6902 million, -3.5%. [more]

*Based on the conversion rate at USD1 = THB30.55
**Excluding gains (losses) on foreign currency exchange but including share of profits (losses) from investments by the equity method and finance costs