Thai Airways net profit declines 84% in 1Q2019, operating revenue drops while cost rises

17 May, 2019

Thai Airways reported (16-May-2019) the following financial highlights for the three months ended 31-Mar-2019:

  • Total operating revenue: THB49,791 million (USD1573 million), -6.9% year-on-year;
    • Passenger and excess baggage: THB41,024 million (USD1296 million), -7.0%;
    • Cargo: THB4648 million (USD146.9 million), -12.9%;
  • Total operating costs: THB50,619 million (USD1600 million), +2.0%;
    • Fuel: THB14,045 million (USD443.8 million), +0.1%;
  • EBITDA: THB4504 million (USD142.3 million), -49.8%;
  • Operating profit (loss): (THB828 million) (USD26.2 million), compared to a profit of THB3836 million in p-c-p;
  • Net profit: THB456 million (USD14.4 million), -83.6%;
  • Passenger yield: THB2.20 (USD 7.0 cents), -4.3%;
  • Cargo yield: THB8.17 (USD 25.8 cents), +0.4%;
  • Total assets: THB267,277 million (USD8446 million);
    • Cash and cash equivalents: THB13,686 million (USD432.5 million);
  • Total liabilities: THB243,700 million (USD7701 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.0316