Thai Airways Lost $900m In The First Half Of 2020 - Simple Flying
Thai Airways released its first and second quarter results last week. In the first quarter, Thai Airways walked away with a net loss of 5.3 billion baht (~$170 million) in the second quarter compared to a 22.7 billion (~$730 million) net loss in the first quarter. Combined, this is a staggering $900 million net loss for the first half of 2020.
The airline cited the travel restrictions posed by the ongoing crisis, which limited demand for domestic and international travel. Starting in February, Thai Airways suspended or reduced flights to China. In March, there were further international reductions across East and Southeast Asia, leaving Thai serving only the core cities. In late March, Australian flights were suspended. Since then, it has been a downward trend for the airline with operations
