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Thai Airways reports $900mn loss for 2020 1st half
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IANS | 15 Aug, 2020
Thai Airways has reported losses
amounting to 28 billion baht ($900 million) for the first half of this
year, mainly due to the Covid-19 pandemic, massively impacting the flag
carrier's operations.
"The Covid-19 pandemic has led to numerous
countries imposing lockdown measures, including travel restrictions,
resulting in substantial reductions in domestic and international
travel," Xinhua news agency quoted the airline's acting president
Charnsin Treenuchagron as saying on Friday,
"Thai Airways has no choice but to reduce its flights in line with reduced passenger loads."
Thai
Airways booked losses of 22.68 billion baht and 5.35 billion baht) in
its first and second quarters, respectively, said Charnsin.
The
ongoing pandemic has aggravated the economic problems of the
cash-strapped flag carrier, which had to be bailed out by the
government.
The airline has been reporting losses since 2017.
Just
like most other parts of Asia, Thai authorities closed borders and
cancelled all flights in March, with domestic air traffic resuming only
recently, while international flights continue to be almost paralyzed.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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