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EARNINGS

THAI loses Bt21.31 bn in 2008



Thai Airways International showed an audited net loss of Bt21.31 billion in 2008, due mainly to a sharp increase in jet fuel costs.

 In 2007, it posted Bt4.43 billion in net profit.

 In the filing to the Stock Exchange of Thailand, the national carrier showed an 1.34 per cent increase in total revenue from Bt199.92 billion a year earlier to Bt202.60 billion in 2008. However, its expenses rose 17 per cent from Bt188.66 billion to Bt220.72 billion. Of total, fuel costs amounted to Bt89.46 billion in 2008, compared to Bt62.61 billion a year earlier.

 

Of that, Bt14.7 billion was from the fourth quarter alone, due to the closure of Suvarnabhumi Airport and the global economic downturn's effect on travel demand.



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