Illustrative image (Source: nationmultimedia.com)
 
Hanoi (VNA) – The Thai national carrier Thai Airways has said it had lost 3.09 billion baht (nearly 93 million USD) in revenue in the second quarter of this year compared to 5.2 billion baht in the same period a year earlier.

The carrier reported the loss in its statement to the Stock Exchange of Thailand (SET) after the stock market closed on August 10.

Thai Airways and its subsidiary companies have reported a net operating loss of 2.8 billion baht for the second quarter, 965 million baht higher than in the same period the year before.   

For the first half of the year, the net loss was at 381.6 million baht (0.17 baht a share), compared to 2.05 billion baht the year before.

Thai Airways President Usanee Sangsingkeo attributed the loss to the result of Thailand's off-peak tourist season, high competition among airlines and high jet fuel prices.

According to the report, average aircraft utilisation was 11.5 hours per day, the same as in the second quarter last year. The airline carried a total of 5.9 million passengers for the second quarter, a slight drop from the year earlier.   

It reported total revenue of 47.23 billion baht for the second quarter, up 4.6 percent year-on-year, attributed to higher revenue from passengers and sales of some properties at home and abroad.-VNA