Thai Airways Reports 2019 Operating Results

In 2019, Thai Airways and its subsidiaries’ Available Seat Kilometers (ASK) decreased by 2.7% while Revenue Passenger Kilometers (RPK) decreased by 0.9%.

The airline's average cabin factor of 79.1% was higher than the average of 77.6% in 2018, with 24.51 million passengers carried, 0.8% more than in the previous year.

Thai Airways and its subsidiaries earned a total revenue of THB 184.046 billion in 2019, THB 15.454 billion, or 7.7%, lower than the previous year.

Despite the negative operating results, the company made improvements in cost control, cutting expenses by THB 196.470 billion over the previous year by THB 12.088 billion or 5.8%.

Thai Airways decommissioned six aircraft - five Airbus A330-300 aircraft and one Boeing 747-400 aircraft - in 2019.

As with many others in the airline industry, Thai Airways was affected by various negative factors in 2019, including the effects of the global economic slowdown, trade war between the U.S. and China, natural disaster, as well as the strongest Baht appreciation in six years. The airline also temporarily cancelled flights on some routes due to the closure of airspace in the Islamic Republic of Pakistan, riots in Hong Kong, and the ongoing COVID19 outbreak that began at the end of 2019. 

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