Connect with us

Thailand

Thai Airways’ profits dive 83% year-on-year

The Thaiger

Published 

 on 

Thai Airways’ profits dive 83% year-on-year | The Thaiger
  • follow us in feedly

Thai Airways has had an 83% dive in profits for the first quarter of 2019. The Q1 balance sheet came out yesterday.

The airline’s management is blaming the high baht, the ongoing US-China trade wars and the closure of Pakastani airspace (forcing rerouting of its Eurpean flights), for the drop.

• Net profit of 456 million baht, down from a 2.7 billion baht profit in the first three months of last year

• Revenue of 49.7 billion baht, down 6.9% on the same period last year

The Thai Airways President Sumeth Damrongchaitham is laying the blame at the strong appreciation of the baht against major currencies saying it makes it impossible for the airline to raise air ticket prices.

Quoted in the Bangkok Post, he said… “Although the baht’s appreciation helped lower some expenses, including loan payments and lease payments for aircraft and engines, this benefit remains minimal.”

He also cited the ongoing trade spat between the US and China taking a toll on the airline’s cargo business, which saw earnings drop 12.9%.

In February, following Pakistani border stoushes with India, Thai Airways aircraft needed to make detours for their European traffic, which pushed up fuel costs, according to Mr Sumeth.

The airline plans to sell products on its website and mobile app in September to increase revenue.

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Bangkok

Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say

Avatar

Published

on

Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say | The Thaiger
PHOTO: Bucketlistly

Chatuchak Weekend Market, Bangkok’s biggest market and a popular tourist destination, is hit hard by the new wave of Covid-19. With the lack of foreign tourists due to travel restrictions over the past year, as well as more locals staying at home despite the market’s strict disease control measures, the number of visitors at the market has dropped by 90%.

Vendors at the market say this is the worst situation in 50 years. Most of them report no sales at all. With little to no income, many shops at the market have shut down. Although the BMA is trying to relieve the situation by lowering the rental fees by half, that seems not enough to help the business. Some of the vendors have tried online trading, but sales are still low.

SOURCE: Thai Visa

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Bangkok

Eating out until 11pm in Bangkok is waiting for approval

Avatar

Published

on

Eating out until 11pm in Bangkok is waiting for approval | The Thaiger
PHOTO: GQ Thailand

Bangkok restaurants may soon be allowed to stay open a little later. Health officials are considering easing up Covid-19 prevention measures by extending restaurant dine-in closing times to 11pm. If the proposal by the Thai Restaurant Association is given a green light, it may lead to the lifting ban of alcohol drinking.

After the order of shutting entertainment venues and banning alcohol sales in Bangkok, Samut Prakan, and Chonburi, the revenues in the alcohol beverage business plummeted. Under disease control measures, restaurants in Bangkok are ordered to stop dine-in services at 9pm and all alcohol sales are banned at restaurants to limit gatherings.

According to the president of the Thai Alcohol Business Association, the current ban on alcohol is estimated to cost about 90 billion baht in revenue. The lifting of the ban is then believed to stimulate the economy.

The Thai Chamber of Commerce says the Cabinet might review the proposal on closing hours tomorrow and act immediately to provide relief to restaurant operators as well as those in the alcohol beverage business.

SOURCE: Coconuts Bangkok

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Coronavirus (Covid-19)

At least 19 Covid-19 cases linked to 2 parties, including celebrity’s birthday

Caitlin Ashworth

Published

on

At least 19 Covid-19 cases linked to 2 parties, including celebrity’s birthday | The Thaiger
PHOTO: Twitter: @matoom_efm

At least 19 Covid-19 cases are related to 2 parties – a 5-day New Years celebration in Chiang Mai and a birthday party in Bangkok for a famous TV and radio host Techin Ployphet, aka DJ Matoom, on January 9.

A senior police officer in Bangkok is the latest case possibly linked to the Bangkok “party cluster.” The officer tested positive for Covid-19 after coming in contact with someone who attended the celebrity’s birthday at the Vertigo restaurant and bar at the Banyan Tree Hotel.

After the party, the actor, as well as other attendees, later tested positive for Covid-19. DJ Matoom also attended a New Year’s celebration in Chiang Mai from January 1 to 5, which is also linked to a number of cases.

Department of Disease Control director general Opas Karnkawinpong says a man who attended the Chiang Mai probably carried the virus to Bangkok and spread it at DJ Matoom’s birthday party.

Since the police officer’s positive test result, the Criminal Records Division at the Royal Thai Police headquarters is temporarily closed for cleaning after a senior police officer tested positive for Covid-19.

SOURCE: Bangkok Post

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading
Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21 | The Thaiger
Thailand4 days ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19 | The Thaiger
Thailand6 days ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18 | The Thaiger
Thailand1 week ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand1 week ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7 | The Thaiger
Thailand3 weeks ago

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6 | The Thaiger
Thailand3 weeks ago

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5 | The Thaiger
Thailand3 weeks ago

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4 | The Thaiger
Thailand3 weeks ago

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30 | The Thaiger
Thailand4 weeks ago

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29 | The Thaiger
Thailand4 weeks ago

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29

Follow The Thaiger by email:

Trending