Thai Airways International deficit for three consecutive years.
One of Southeast Asia's leading airline companies, Thai Airways International, has fallen for the third year in a row for the last year due to trade friction between the United States and China. Furthermore, the operating environment is becoming increasingly severe, with the need to reduce flights due to the spread of the new coronavirus infection.
According to Thai Airways' two-year financial statement released last year, sales were approximately 630 billion yen in Japanese yen, down 7.7% from the previous year. The net loss was about 41 billion yen, falling for the third consecutive year.
This was due to a decrease in cargo demand due to the trade friction between the United States and China and intensified competition with low-cost airlines, which hindered passenger fare revenues. I decided.
In addition, the operating environment is becoming increasingly severe, with the impact of the spread of the new coronaviruses causing a sharp drop in demand, especially on routes to Asia.
At a press conference, President Smet said, "Amid the ongoing spread of the new coronavirus, how to survive has become a management priority."
With regard to the new coronavirus, it has been estimated that airline companies around the world will lose more than 3 trillion yen in one year in the Asia-Pacific region.