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Thai Airways returns to profitability in 3Q2011

10-Nov-2011 11:25 AM

Thai Airways revenue up 10% – financial highlights for three months ended 30-Sep-2011 (according to Thai Accounting Standards):

  • Total revenue: USD1623 million, +10.0% year-on-year;
  • Total costs: USD1492 million, +3.8%;
    • Fuel: USD650.3 million, +43.6%;
  • Profit before tax: USD84.2 million, compared to a loss of USD2.7 million in p-c-p;
  • Ne profit: USD79.5 million, compared to a loss of USD490,999 in p-c-p;
  • Passenger numbers: 4.8 million, +7.9%;
  • Passenger load factor: 74.0%, -0.7 ppt;
  • Cargo traffic (FRTKs): +2.1%;
  • Cargo load factor: 55.1%, -6.2 ppts;
  • Passenger yield: USD 8.74 cents, +9.0%;
  • Cargo yield: USD 32.30 cents, +4.0%;
  • Total assets: USD9002 million, -6.6% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: USD665.1 million, -45.7% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD6766 million, -5.4% when compared to period ended 31-Dec-2010. [more – original PR]

*Based on the conversion rate at USD1 = THB30.775