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2-Sep-2009 11:00 AM

Thai Airways 2Q2009 revenue down 31.9%, USD159 million net loss

Thai Airways revenue down 31.9%– full consolidated financial highlights:

  • Three months ended 30-Jun-2009:
    • Total revenue: USD1,017 million, -31.9% year-on-year;
    • Total costs: USD1,131 million, -35.7%;
      • Fuel: USD281.9 million, -59.2%;
      • Labour: USD200.7 million, -14.8%;
    • Operating profit (loss): (USD64.9 million), compared to a loss of USD130.7 million in the previous corresponding period;
    • Net profit (loss): (USD158.6 million), compared to a loss of USD271.7 million in the previous corresponding period;
    • Passenger traffic (RPKs): -22.7%;
    • Load factor: 60.2%, -9.5 ppts;
    • Passenger yield per RPK: USD 7.0 cents, -11.6%;
    • Freight yield: USD 25.3 cents, -23.5%;
  • Six months ended 30-Jun-2009:
    • Total revenue: USD2,228 million, -28.9%;
    • Total costs: USD2,064 million, -36.7%;
    • Fuel: USD602.9 million, -52.4%;
    • Labour: USD399.1 million, -13.8%;
    • Operating profit: USD66.8 million, compared to a loss of USD2.5 million in the previous corresponding period;
    • Net profit: USD72.4 million, compared to a loss of USD206.6 million in the previous corresponding period. [more]
  • *Based on the conversion rate at USD1 = THB34.06

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