2023-11-12 23:29:27
afterThai Airways International Public Company Limited or THAI Must be admitted in the ICU Oops…enter the rehabilitation plan. It’s been a while. In terms of operations, it began to improve accordingly. It is evident from the budget for the 3rd quarter of 2023 that it turned in a net profit. 1,538 million baht Compared to the same period last year, there was a net loss of 4,785 million baht.
Interestingly, there were no special profit bookmarks this quarter. Or there is very little There is hardly any significance to deceive investors like the previous quarter’s budget…
indicating that THAI Starting to take shapeAnd then..!!
While going to pry and look at the insides You will see that various important numbers are starting to look good, whether it is income at 37,008 million baht more 12.6% Divided into revenue from fares and excess weight of 30,921 million baht, an increase of 26.4% from passenger transportation volume increasing 22.0%, accounting for 5,300 million baht, while passenger production volume increased 21.5%. Passenger load (Cabin Factor) averaged 77.3%, higher than last year, which averaged 77.0%.
Revenue from freight and postal expenses was 3,461 million baht, a decrease of 46.1% as a result of average parcel income per unit. (including fuel and insurance compensation fees) decreased by 50.1%, with an average parcel transportation ratio of 52.7%, lower than last year’s average of 59.1%, despite a 7.1% increase in parcel transportation volume.
while income from other businesses Which consists of ground service income, flight catering, warehousing services and income from other supporting businesses at 2,093 million baht, an increase of 12.5%, and other income of 533 million baht, an increase of 389% due to an increase in interest income from cash received. more
resulting in THAI There is operating profit before financial costs, excluding one-time items. 7,719 million baht more 96.9% From the same period last year, which made 3,920 million baht, with one-time transactions – net. It was a total expense of 2,732 million baht, mainly due to exchange rate losses of 2,308 million baht, rental adjustments for the Don Mueang office of 400 million baht, and impairment losses in accordance with TFRS9 of 115 million baht.
While EBITDA after deducting aircraft rentals was at 8,360 million baht, an increase from the same period last year which was 6,078 million baht, as of the end of September 2023. THAI There is still negative shareholder equity at 54,706 million baht.
points of interest When operations begin to return following the recovery of the tourism industry, it is worth watching. THAI Set a goal to exit the recovery plan. Within next year..? and will return to the Stock Exchange at the end of 2024, but under the conditions of the recovery plan. Whether it is about increasing capital and converting debt into equity, totaling 80 billion baht, there is only a timeline for completion in the 2nd quarter of 2024. Other details are still unclear. It is a matter that must be followed up.
Because that means an opportunity to leave the recovery plan. Faster…but if raising capital and converting debt into equity is unsuccessful The opportunity will continue to slip away.
As for the other matter… it will increase the risk or reduce the risk for THAI I don’t know…in the case of Prime Minister Settha Thaweesin’s Cabinet announcing the appointment. “Suriya Juangroongruangkit” Minister of Transport Chairman of the committee to monitor the implementation of Thai Airways’ problems.
Actually THAI It is in the rehabilitation plan. There is already a plan maker…will come and set it up. “Suriya” What the heck..?? Will they overlap or not..?? This is interesting to think about, and the people who come in are all political people. It’s really worrying..!!
I don’t know whether it will help or increase the risk for Thai Airways, even though Thai Airways is no longer a state enterprise…
…hee hee hee…
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