THAI reports continued strong operational performance in 1Q

IN the first quarter of 2025, Thai Airways International Public Company Ltd., (THAI) and its subsidiaries reported the total revenue (exclude one-time items) at 51,625 million baht, 12.3% higher than the same period last year which was 45,955 million baht.

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The significant increase in revenue was driven by the continued growth in passenger travel demand, along with fleet expansion and increased flight frequency. Passenger production (Available Seat Kilometre-ASK) increased by 21.1% from the same period last year and the passenger traffic (Revenue Seat Kilometre-RPK) also increased by 20.8% from the same period last year, while an average cabin factor of 83.3% was similar to the previous year. The total number of passengers carried was 4.33 million, an increase of 11.6% from the same period last year.

THAI and its subsidiaries reported the total expenses (exclude one-time items) at 37,964 million baht, higher than the same period previous year of 3,084 million baht (8.8%), due to variable costs associated with increase in production and services, despite fuel expense decrease from last year by 1.7%. THAI remains robust in generating operational profit. Earnings before interest, tax, depreciation and amortization (EBITDA) (exclude one-time items) was 13,661 million baht; higher than the same period last year for 2,586 million baht or 26.5% EBIT margin.