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16-May-2017 8:54 AM

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

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