Thai Airways' board ready to move forward with strategic plan, sees 20% revenue increase
Thai Airways announced (01-Dec-2009) it has set the following targets as part of its 'Strategic TG 100 Plan':
- Financial targets 2010: Revenue of USD5.8 billion (THB193 billion), a 20.7% year-on-year increase. Profit before interest, tax and foreign currency exchange (EBIT) gain/loss is expected to be approximately USD129.7 million (THB4.3 billion), while EBITDA is targeted at approximately THB32 billion.
- Traffic targets:
- ASKs: +10.7%
- RPKs: +13.2%;
- Average load factor: 74%;
- Freight: 11.4% increase in freight production (AFTK) and a 14% increase in freight revenue.
The plan focuses on achieving the highest level of customer satisfaction within two years. The board has also approved the refurbishment of 12 B747 aircraft that are utilised primarily on services to Europe that are high revenue-making routes. Changes will be implemented in 2010 and beyond to strengthen Thai's internal operations and enhancing its competitiveness in 2011. [more]