Thai Airways remains in the red but operating loss narrows significantly in 2015

Thai Airways revenue down 1% - financial highlights:

• Total operating revenue: THB188,747 million (USD5511 million), -1.2% year-on-year;
• • Passenger and excess baggage: THB152,488 million (USD4453 million), -1.5%;
  • Freight and mail: THB18,651 million (USD544.6 million), -21.0%;
• Total operating costs: THB190,051 million (USD5550 million), -11.2%;
• • Fuel: THB63,243 million (USD1847 million), -20.2%;
  • Labour: THB29,892 million (USD872.8 million), -4.4%;
• Operating profit (loss): (THB1304 million) (USD38.1 million), compared to a loss of THB23,019 million) (USD709.0 million) in p-c-p;
• Net profit (loss): (THB13,047 million) (USD381.0 million), compared to a loss of THB15,573 million (USD479.5 million) in p-c-p;
• Passenger numbers: 21.3 million, +11.3%;
• Passenger load factor: 72.9%, +4.0 ppts;
• Passenger yield: THB2.46 (USD 7.2 cents), -7.4%;
• Cargo volume: 559,283 tons, -8.9%;
• Freight yield: THB8.45 (USD 24.7 cents), -8.3%;
• Total assets: THB302,471 million (USD8832 million);
• Cash and cash equivalents: THB20,781 million (USD606.8 million);
• Total liabilities: THB269,545 million (USD7871 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.0279 for three months ended 31-Dec-2015
*Based on the average conversion rate at THB1 = USD0.0292 for 12 months ended 31-Dec-2015
*Based on the average conversion rate at THB1 = USD0.0308 for 12 months ended 31-Dec-2014