Thai Airways Group operating profit more than halved

Thai Airways Group reported (15-May-2017) the following financial highlights for three months ended 31-Mar-2017:

• Total operating revenue: THB49,804 million (USD1414 million), -0.8% year-on-year;
  • Passenger and excess baggage: THB41,463 million (USD1177 million), -1.4%;
  • Freight and mail: THB4857 million (USD138 million), +10.1%;
• Total operating costs: THB46,937 million (USD1333 million), +9.1%;
  • Fuel: THB12,845 million (USD365 million), +18.5%;
  • Labour: THB7258 million (USD206 million), -1.7%;
• Operating profit: THB2867 million (USD81 million), -60.1%;
• Net profit: THB3169 million (USD90 million), -47.3%;
• Passengers: 6.5 million, +10.1%;
• Passenger load factor: 82.8%, +5.3ppts;
• Passenger yield: THB2.20 (USD 6.2 cents), -12.0%;
• Cargo: 155,449 tons, +10.5%;
• Cargo yield: THB8.08 (USD 22.9 cents), -1.2%;
• Total assets: THB282,995 million (USD8036 million);
• Cash and cash equivalents: THB13,613 million (USD387 million);
• Total liabilities: THB245,976 million (USD6985 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.028398 for 1Q2017