Thai Airways losses widen in 2Q2013

Thai Airways revenue down 2% - financial highlights for three months ended 30-Jun-2013:

• Total operating revenue: THB47,093 million (USD1577 million), -1.8% year-on-year;
• • Passenger and excess baggage: THB38,792 million (USD1299 million), -0.9%;
  • • NOK Air: THB1822 million (USD61.0 million);
  • Cargo: THB5903 million (USD197.7 million), -11.7%;
• Total operating costs: THB49,992 million (USD1674 million), +1.1%;
• • Fuel: THB18,453 million (USD617.9 million), -6.2%;
  • Labour: THB8742 million (USD292.7 million), +12.3%;
• Operating profit (loss): (THB2899 million) (USD97.1 million), compared to a loss of THB1537 million (USD51.5 million) in p-c-p;
• Net profit (loss): (THB8439 million) (USD282.6 million), compared to a loss of THB1532 million (USD51.3 million) in p-c-p;
• Passenger numbers: 5.1 million, +5.1%;
• Passenger load factor: 70.5%, -4.6 ppts;
• Passenger yield: THB2.57 (USD 8.6 cents), -2.3%;
• Cargo volume: 159,175 tons, -3.6%;
• Cargo yield: THB9.13 (USD 30.6 cents), -9.6%;
• Total assets: THB324,103 million (USD10,852 million);
• Cash and cash equivalents: THB34,939 million (USD1170 million);
• Total liabilities: THB256,360 million (USD8584 million). [more - original PR]

*Based on the average conversion rate at USD1 = THB29.8648