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Old Apr 25, 2015 | 7:29 am
  #166  
smit0847
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Originally Posted by transpac
THAI sees 2015 loss before returning to profit on revamp

Thai Airways International Plc, which has posted annual losses the past two years, expects to show another loss this year before returning to profitability in 2016 by selling aircraft, dropping routes and cutting other costs.

http://www.bangkokpost.com/news/tran...ofit-on-revamp
No-one wants to buy the aircraft they are selling. There are hundreds of 747 and A340s for sale - the reason TG is trying to sell them is the same reason no-one wants to buy them.
No plans to improve any products or services which means no increased revenue.
Dropping routes may slightly decrease losses.

I see an overall slight decrease in losses due to route rationalisation and eventual staff savings. With no increases in revenue itll be a lot longer than 2 years before TG make a profit.
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