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Thai Airways International

Thai Airways International Public Company Limited, commercially branded as “Thai”, was founded in 1960 and is the national carrier of the Kingdom of Thailand. It operates full service domestic, regional and intercontinental flights radiating from its home base in Bangkok to key destinations around the world and within Thailand. The company’s paid up capital amounts to Baht 21.83 billion (equivalent to approximately US$ 688 million based on the Baht/US$ exchange rate as at 26 February 2020) and is 51.03 per cent. owned by the Ministry of Finance and the Government Savings Bank. Thai Airways is listed on the stock exchange of Thailand.

As at 30 September 2019, Thai Airways (including its subsidiary Thai Smile) had an active fleet of 103 aircraft. The fleet consists of 20 narrow-body aircraft and 83 widebody aircraft, of which 8 aircraft are Boeing 787s. The carrier transported more than 24 million passengers in 2018.

According to its consolidated audited accounts for the year ended 31 December 2018, Thai Airways’ total revenue for that financial year was Baht 199.50 billion (equivalent to approximately US$6.16 billion based on the Baht/US$ exchange rate as at 31 December 2018). Baht 182.60 billion (2017: Baht 177.75 billion) of this revenue was related to transportation activities, Baht 13.37 billion (2017: Baht 12.11 billion) represented revenue from business units and from other activities, while Baht 3.54 billion (2017: Baht 2.09 billion) was related to other income.

According to its consolidated unaudited accounts for the 3 months ended 30 September 2019, Thai´s total revenues for the period was Baht 45.0 billion, a decrease of 6 per cent on the equivalent 3 month period in the previous year.

Thai’s total assets as at 30 September 2019 were Baht 258.19 billion, including a cash balance of Baht 13.98 billion.