Thai Airways 2Q2009 revenue down 31.9%, loss of USD158.2 million

Thai Airways revenue down 31.9% - financial highlights (Bangkok Post, 15-Aug-2009):

• Three months ended 30-Jun-2009:
  • Revenue: USD1,015 million, -31.9% year-on-year;
  • Total costs: 1,129 million, -35.7%;
  • Profit (loss): (USD158.2 million), compared to a loss of USD271.0 million in the previous corresponding period;
  • Passenger traffic (RPKs): -22.7%;
  • Load factor: 66.2%, -9.9 ppts;
  • Passenger yield per RPK: USD 6.9 cents, -11.2%;
  • Cargo yield: USD 25.3 cents, -23.5%;
• Six months ended 30-Jun-2009:
  • Profit: USD74.1 million, compared to a loss of USD203.0 million in the previous corresponding period.
• *Based on the conversion rate at USD1 = THB34.13

Meanwhile, Thai Airways Chairman, Wallop Bhukkanasut, stated he expects the carrier to return to profit in 3Q2009 and achieve its targets for 4Q2009, enabling it to produce a profit for FY2009.