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28-Feb-2011 11:19 AM

Thai Airways net profit doubles in 2010

Thai Airways revenue up 12% - financial highlights in 2010:

  • Total revenue*: USD6032 million, +12.4% year-on-year;
  • Total costs**: USD5756 million, +10.6%;
    • Fuel: USD1850 million, +20.2%;
    • Labour: USD1097 million, +28.0%;
  • EBITDA: USD949.0 million, -4.6%;
  • EBITDAR: USD1090.7 million, +4.4%;
  • Net profit: USD502.5 million, +109.0%;
  • Passenger numbers: 18.2 million, -1.7%;
  • Passenger load factor: 73.6%, +0.6 ppt;
  • Cargo traffic (FTKs): +17.2%;
  • Cargo load factor: 61.5%, +9.4 ppts;
  • Total assets: USD9616 million, ++8.1%;
  • Total liabilities: USD6902 million, -3.5%. [more]

*Based on the conversion rate at USD1 = THB30.55
**Excluding gains (losses) on foreign currency exchange but including share of profits (losses) from investments by the equity method and finance costs

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