THAI: News

Old Mar 7, 16, 5:57 pm
  #16  
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You can look at the details here:

http://www.set.or.th/set/companyprof...=en&country=US

Financial Statement Yearly/2015 zip file
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Old Mar 7, 16, 8:36 pm
  #17  
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Originally Posted by transpac View Post
You can look at the details here:

http://www.set.or.th/set/companyprof...=en&country=US

Financial Statement Yearly/2015 zip file
Thanks.
As usual with TG, their marketing blabla does not match their financial statements. Numbers are retreated in some fashion.
But the exceptional item in "other income" is a 4b Compensation revenue from KOITO Co., Ltd, who could not deliver Y seats in 2010. That's the resolution of a 2010 problem. That bonanza will not repeat in 2016. Adding it to the operating revenues, rather than as an exceptional item, of 2015 is quite misleading.
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Old Mar 7, 16, 9:57 pm
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It is ridiculous that the mainstream media don't examine these things any more and just take what the companies press release says at face value broadcasting the 'good news' spruiked.

I have said it many times but Thai has a revenue problem, a lot of it experienced first hand through the archaic method they advertise and sell their most competitive fares (not necessarily their prices which can be competitive). Costs are ok and have been reigned in.
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Old Mar 11, 16, 6:08 pm
  #19  
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Thai Airways says no agreement yet on plane delivery deferrals

Thai Airways International PCL , halfway through a restructuring plan, has not yet agreed with Airbus and Boeing on delivery deferrals for aircraft it no longer needs as it tries to fill seats on its existing planes, its president told Reuters on Friday.

Thai Airways is one of several state-controlled companies undergoing reform since the Thai military seized power in May 2014. Late last month the company said it had returned to profit in the final quarter of 2015.

The carrier grounded 38 aircraft as part of the turnaround, which aims to improve its cabin factor, or how full its planes are, to 80 percent this year. It also said in January it wanted to delay the delivery of 12 Airbus 350s, and 2 Boeing 787s.

http://www.reuters.com/article/europ...-idUSL5N16J3XH
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Old Mar 21, 16, 5:41 pm
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More staff reductions planned for Thai Airways

THAI AIRWAYS International plans to trim more staff this year to stop the financial bleeding.

"The company has set a budget of Bt2.2 billion for the new cost-cutting plan," Narongchai Wongthanavimok, chief financial officer, said yesterday.

There is still no targeted number nor time frame for this round, but it should begin in one or two months.

Last year, the national carrier laid off 1,401 employees and spent more than Bt3.7 billion on the staff-reduction programme.

Management will ask each department to reveal its business plan along with resource management and any surplus that needs to be eliminated.

http://www.nationmultimedia.com/busi...-30282124.html
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Old Mar 28, 16, 7:07 pm
  #21  
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2015 Annual Report.

http://thai.listedcompany.com/misc/a...-ar2015-en.pdf


Shareholder meeting scheduled for 22 April 2016 so expect some news around that event?
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Old Apr 14, 16, 8:35 pm
  #22  
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Thai Airways reports higher number of passengers in first quarter

BANGKOK, 14 April 2016 (NNT)-Thai Airways International has reported a higher number of passengers during the first quarter of this year.

Chief Financial Officer of THAI Narongchai Wongthanavimok revealed that an average number of passengers per flight increased from 73% to 77% within the first quarter due to more foreign tourist arrivals.

Most of them were from China, South Korea and Japan especially during the high tourist season month of February. Mr. Narongchai said Thai Airways International is now developing a marketing plan to boost ticket sales in the second quarter when the number of tourists is expected to decline.

http://thainews.prd.go.th/centerweb/...O5904140010008
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Old Apr 14, 16, 10:55 pm
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whole Q1 is high season for Thailand's tourist industry. Higher load factor is a must...
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Old Apr 14, 16, 11:14 pm
  #24  
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Isn"t 77% still slightly too low during the peak season?
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Old Apr 15, 16, 1:58 am
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Yeah, if 77% is the load factor in high season, I expct it to be much lower during Q2 and Q3 (low season for TH, except for late July and August with tourists on summer vacation)
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Old Apr 15, 16, 3:40 am
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77% is pretty terrible actually. ok, not outright terrible terrible, but nothing that other airlines would be proud of.

"within the first quarter", does this mean Q1 2015 vs. Q1 2016, or is it Q4 2015 vs. Q1 2016?

If the earlier, then at least it's an improvement YoY. If the later, you can't compare those numbers at all..
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Old Apr 21, 16, 1:27 am
  #27  
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The Military "government's" State Enterprise Policy Committee, chaired by Junta Supremo Prayut and which oversees all the various/sundry state enterprises, is doing the dictating to THAI.


THAI given B12bn operating profit target

Thai Airways International Plc (THAI) has been given a target operating profit of 12 billion baht this year while the company is expected to post a net profit of two billion baht. Deputy Transport Minister...

http://www.bangkokpost.com/news/gene...-profit-target
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Old Apr 21, 16, 5:46 am
  #28  
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Originally Posted by transpac View Post
The Military "government's" State Enterprise Policy Committee, chaired by Junta Supremo Prayut and which oversees all the various/sundry state enterprises, is doing the dictating to THAI.


THAI given B12bn operating profit target

Thai Airways International Plc (THAI) has been given a target operating profit of 12 billion baht this year while the company is expected to post a net profit of two billion baht. Deputy Transport Minister...

http://www.bangkokpost.com/news/gene...-profit-target
Sure... and pigs will fly (if government order them to fly)...
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Old Apr 21, 16, 8:43 pm
  #29  
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Originally Posted by TPJ View Post
Sure... and pigs will fly (if government order them to fly)...
Well, we have a Military Dictatorship and the military are used to issuing orders and expecting them to be followed.

That said, Junta Supremo Prayut has been sacking (moved to inactive posts) people recently who haven't satisfied his orders. I would expect Charamporn Jotikasthira will be chopped if he doesn't deliver.
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Old Apr 22, 16, 1:28 am
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Originally Posted by transpac View Post
That said, Junta Supremo Prayut has been sacking (moved to inactive posts) people recently who haven't satisfied his orders. I would expect Charamporn Jotikasthira will be chopped if he doesn't deliver.
presidents, who do not deliver are sacked also in a democratic environment...
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