SME Times is powered by   
Search News
Just in:   • Improved manufacturing data, auto sales lift Sensex over 600 points  • Auto sales gear up in Sept; await festive season for added fuel  • Maruti Suzuki's Sept sales zoom over 30%  • LG tipped to deliver best Q3 earnings in 11 years: Report  • Sept manufacturing up on higher demand 
Last updated: 15 Aug, 2020  

Flight.9.thmb.jpg Thai Airways reports $900mn loss for 2020 1st half

   Top Stories
» Auto sales gear up in Sept; await festive season for added fuel
» Sept manufacturing up on higher demand
» 'Centre, state fiscal deficit may touch 13% of GDP'
» Sept GST collection at Rs 95,480 cr
» Core sector output down 8.5 pc in August
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.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 02 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter