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15-Aug-2012 12:31 PM

Thai Airways reports net loss in 2Q2012

Thai Airways revenue up 7% – financial highlights:

  • Three months ended 30-Jun-2012:
    • Total revenue: THB48,506 million (USD1563 million), +6.5% year-on-year;
    • Total costs: THB51,233 million (USD1650 million), -0.6%;
      • Fuel: THB19,679 million (USD633.9 million), +1.6%;
      • Labour: THB7787 million (USD250.9 million), -10.4%;
    • EBITDA: THB3519 million (USD113 million), compared to a profit of THB20 million (USD0.6 million) in p-c-p;
    • Net profit (loss): (THB1526 million) (USD49.2 million), compared to a loss of THB7874 million (USD253.7 million) in p-c-p;
    • Passenger numbers: 4.9 million, +15.7%;
    • Passenger load factor: 75.1%, +8.7 ppts;
    • Cargo traffic (RFTK): -10.7%;
    • Cargo load factor: 55.4%, -2.5 ppts;
  • Six months ended 30-Jun2012:
    • Total revenue: THB103,011 million (USD3318 million), +5.7%;
    • Total costs: THB102,397 million (USD3299 million), +3.2%;
      • Fuel: THB40,005 million (USD1289 million), +8.5%;
      • Labour: THB14,881 million (USD479.4 million), -9.4%;
    • EBITDA: THB13,300 million (USD428.4 million), +36.1%;
    • Net profit (loss): (THB2118 million) (USD68.2 million), compared to a loss of THB7256 million (USD233.7 million) in p-c-p;
    • Total assets: THB277,375 million (USD8935 million), +1.1% when compared to period ended 31-Dec-2011;
    • Total liabilities: THB211,381 million (USD6809 million), +0.2% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = THB31.0423 for the period

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