first quarter

  • Tourism

    Covid-19 delivers another brutal quarter for airlines

    As the Covid-19 pandemic drags on, airlines experienced another terrible quarter, with less passengers and less revenue year-on-year. The president of Bangkok Airways reported dismal numbers saying that the airline is adjusting its flight plans to try to match the depressed market. Only 151,900 travellers flew on Bangkok Airways in the first quarter of 2021, an 88.5% drop over last…

  • Economy

    UPDATE: SET suspends trading of Thai Airways shares

    UPDATE: Trading in Thai Airways shares was suspended by the Stock Exchange of Thailand this afternoon after auditors declined to sign off on its financial statements for the six months to June 30. Auditor Deloitte Touche Tohmatsu Jaiyos said it couldn’t reach a conclusion on the statements due to issues including a lack of liquidity and debt defaults, which created…

  • Economy

    Thai Airways loses 28 billion baht in the first half of the year

    Embattled, bankrupt Thai Airways suffered about 28 billion baht in losses for the first 6 months of this year, mainly attributable to the Covid-19 pandemic, which has seriously impacted its operations and crushed global travel, grounding fleets and shuttering many airlines altogether. The airline’s acting president said today that the pandemic has led to many countries, including Thailand, closing their…