Thai Airways bounces back to profitability in 2Q2010

Thai Airways reports (16-Aug-2010) the following preliminary financial/traffic highlights:

• Three months ended 30-Jun-2010:
  • Revenue: USD1,245 million, +14.5% year-on-year;
  • Total costs: USD1,317 million, +10.0%;
    • Fuel: n/a, +46.6%;
  • EBITDA: USD100.1 million, n/a;
  • Net profit: USD48.8 million, compared with a loss of USD169.8 million in p-c-p;
  • Load factor: 64.6%, -1.6 ppt;
• Six months ended 30-Jun-2010:
  • EBITDA: USD461.0 million, +17.3%;
  • Net profit: USD385.7 million, +398.0%;
  • Total assets: USD8,301 million, n/a;
  • Total liabilities: USD6,257 million, n/a. [more]

*Based on the conversion rate at USD1 = THB31.825