Revenue Q2 2024<\/strong><\/p>\n\n\n\nIn the second quarter of 2024, THAI Airways International reported revenue of THB43,981 million, 17.7% higher than Q2 2023, when the airline group reported revenue of THB37,381 million. However, second-quarter revenue fell 4.3% compared with Q1 2024 due to a dip in travel demand. Expenses rose to THB38,056 million, an increase of 32.1%, mainly due to increased variable costs. This was attributed to yield pressures and the return of more capacity to the market, which impacted expenses.<\/p>\n\n\n\n
THAI reported an operating profit of THB5,925 million, before financial costs and excluding one-time transactions, down from the THB8,576 million operating profit recorded in Q2 2023. <\/p>\n\n\n\n
Due to a loss in foreign exchange and asset impairment, the airline group reported a net profit of THB314 million, down from a net profit of THB2,273 million recorded for the same period last year.<\/p>\n\n\n\n
Half-year results 2024<\/strong><\/p>\n\n\n\nThe airline\u2019s half-year results for 2024 recorded a total revenue of THB89,936 million, 14.0% higher than the same period last year.<\/p>\n\n\n\n
Total expenses stood at THB72,935 million, 27.3% higher than the half-year 2023 results. THAI reported an operating profit, before financial costs and excluding one-time transactions, of THB17,001 million, down 21.3% compared with the same period last year. <\/p>\n\n\n\n
The airline group\u2019s financial costs reached THB9,403 million. THAI and its subsidiaries had one-time items mainly due to loss from foreign exchange and asset impairment, resulting in a total expense of THB4,847 million. Consequently, THAI and its subsidiaries reported a net profit of THB2,738 million compared with a net profit of THB14,795 million for the same period last year.<\/p>\n\n\n\n
From January to June 2024, THAI\u2019s fleet comprised 77 aircraft, and the average aircraft utilisation was 13 hours per day. Traffic production (ASK) increased by 15.6%, while passenger traffic (RPK) increased by 10.9%. The average cabin factor was 78.1%, lower than the previous year’s 81.4%. The total number of passengers carried was 7.68 million, an increase of 0.81 million from the same period last year and up 11.8% from the same period in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
BANGKOK, 14 August 2024: Thai Airways reported its operational performance results for the second quarter of 2024, declaring declines in net profits for the Q2 and its half-year results compared to the same periods in 2023. In Q2\/2024, THAI served 3.81 million passengers. The average cabin factor was 73.2%. Revenue Q2 2024 In the second […]<\/p>\n","protected":false},"author":22,"featured_media":240438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,8],"tags":[],"class_list":{"0":"post-240405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"category-thailand"},"yoast_head":"\n
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